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Speculative execution attacks put a dangerous new twist on information leakage through microarchitectural side channels. Ordinarily, programmers can reason about leakage based on the program’s semantics, and prevent said leakage by carefully writing the program to not pass secrets to covert channel-creating “transmitter” instructions, such as branches and loads. Speculative execution breaks this defense, because a transmitter might mis-speculatively execute with a secret operand even if it can never execute with said operand in valid executions.
Choudhary et al. (Sun,) studied this question.