Kronos banking trojan | Breaking Cybersecurity News | The Hacker News

Marcus Hutchins, better known as MalwareTech, has been sentenced to "time served" and one year of supervised release for developing and selling the Kronos banking malware. Yes, Hutchins will not go to prison, United States District Judge J.P. Stadtmueller ruled today in Milwaukee County Court, after describing his good work as "too many positives on the other side of the ledger." In response to today's sentencing Hutchins said : "Sentenced to time served! Incredibly thankful for the understanding and leniency of the judge, the wonderful character letter you all sent, and everyone who helped me through the past two years, both financially and emotionally." Marcus Hutchins, 25, is the same British malware analyst who gained notoriety in cybersecurity circles for "accidentally" helping to stop the WannaCry ransomware outbreak in 2017 that wreaked havoc in over 150 countries and brought down companies across all industries. Hutchins was a...

Marcus Hutchins, the malware analyst who helped stop global Wannacry menace , has reportedly pleaded not guilty to charges of creating and distributing the infamous Kronos banking malware and is set to release on $30,000 bail on Monday. Hutchins, the 23-year-old who operates under the alias MalwareTech on Twitter, stormed to fame and hailed as a hero over two months ago when he stopped a global epidemic of the WannaCry ransomware attack by finding a kill switch in the malware code. MalwareTech Arrested After Attending Def Con Event Hutchins was recently arrested at the McCarran International Airport before he could board his flight back to the U.K. after attending Def Con event for his alleged role in creating and distributing the Kronos Banking Trojan between 2014-2015. Kronos is a Banking Trojan designed to steal banking credentials and personal information from victims' computers, which was sold for $7,000 on Russian online forums. MalwareTech to Pay $30,000 for ...

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