AMD Accused of Underestimating its Products' Susceptibility to Hacking

According to the complaint, AMD (NasdaqCM: AMD) officials hid from investors a fundamental security flaw in the company's processor chips that made them susceptible to hacking. On January 3, 2018, it was reported that Google Project Zero's security team discovered serious security flaws affecting computer processors built by Intel Corporation and AMD, among other chipmakers. One of these security flaws, known as the Spectre vulnerability, allows third parties to gather passwords and other sensitive information form a system's memory. AMD countered Project Zero's announcement that same day, stating that while AMD's chips were vulnerable to one variant of Spectre, there was "near zero risk" that AMD's chips were vulnerable to the second Spectre variant. Just a few days later, on January 11, 2018, AMD admitted that its chips were susceptible to both Spectre variants.

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