Tagged With wannacry

Federal prosecutors charged security researcher Marcus Hutchins -- better known by his online handle MalwareTech -- with four new charges accusing him of creating and promoting malware used to steal financial information. Hutchins, recognised as the person responsible for stopping the spread of the WannaCry ransomware attack, called the charges "bullshit."

World War III is going to be dumb. It only seems fitting that Bitcoin could get thrown into the mix of dumb reasons why it might get started. When South Korean cryptocurrency exchange YouBit was looted by hackers this week it seemed to be inevitable that North Korea would be at fault, and investigators believe that's exactly what happened.

Famed white hat hacker Marcus Hutchins -- better known as "MalwareTech" -- was arrested by the FBI yesterday while trying to fly home to the United Kingdom from Las Vegas. The 22-year-old security researcher gained mainstream fame earlier this year as the guy who stopped the destructive WannaCry ransomware from spreading, and had been partying with friends near the Black Hat and Defcon hacker conferences before his arrest. Now, he faces serious federal charges for allegedly creating the Kronos banking trojan. But he's supposed to be the good guy!

When the WannaCry ransomware attack hit back in May, it was really good at causing chaos but not so great at generating ransom money. Some analysts said that the attackers were amateurish in their methods. If the people behind the malware are as clumsy as they seem, they should be worried, because they recently started moving what Bitcoin they did collect during a particularly perilous time for cyber criminals.

The '90s cyberpunk thriller Hackers is used too often to illustrate the fearful future of cyber security, but it's popular for a reason. The film's seemingly fictional scenarios keep coming true. Take this week's global ransomware attack, for instance. It's a plot twist that would make Matthew Lillard leer at the camera and cackle.

We may never know who the perpetrators of the WannaCry ransomware attack really were. We do know that they utilised an exploit that was part of the NSA's toolkit. We know that the exploit was leaked by a group called The Shadow Brokers. We know the US government is pointing to North Korea. And new research from security firm Flashpoint indicates that there's a connection to Southern China.

Shared from Kotaku

And in a week where the world is grappling with the consequences of just how vulnerable computers are is this joyous nugget of news: more Australians are using Windows XP than Windows 8.1, even though support for the former was officially canned years ago.

An anonymous 22-year-old security researcher who goes by MalwareTech has, at least temporarily, managed to find a kill switch for the ransomware that spread across the globe yesterday. He insists his discovery was entirely accidental but experts credit his quick action for mostly stopping the malware from spreading to the United States.