A British cybersecurity researcher credited with stopping a worldwide computer virus has pleaded guilty to developing malware to steal banking information.
Federal prosecutors in Wisconsin and Marcus Hutchins' attorneys said in a joint court filing Friday that the 24-year-old agreed to plead guilty to developing malware called Kronos and conspiring to distribute it from 2012 to 2015. In exchange for his plea to those charges, prosecutors dismissed eight more.
"As you may be aware, I've pleaded guilty to two charges related to writing malware in the years prior to my career in security," Hutchins said in a statement on his website.
"I regret these actions and accept full responsibility for my mistakes. Having grown up, I've since been using the same skills that I misused several years ago for constructive purposes. I will continue to devote my time to keeping people safe from malware attacks."
Hutchins' arrest in Las Vegas in August 2017, as he was about to board a flight to England, came as a shock; just months earlier he was hailed a hero for finding a "kill switch" to the WannaCry virus that crippled computers worldwide. At the time, he told The Associated Press in an interview that he didn't consider himself a hero but that he was combating malware because "it's the right thing to do."
Disclaimer: No Business Standard Journalist was involved in creation of this content