Sentenced malware developer a ‘key resource’ for criminal networks

R. Robin McDonald reports that the hacker known as “Kolypto,” whose real name is Mark Vartanyan, has been sentenced in federal court in Atlanta to five years in prison.

Federal prosecutors in Atlanta say Vartanyan developed, improved, and distributed a pernicious computer malware toolkit known as Citadel that targeted major financial and government institutions around the world. Federal prosecutors say the malware, designed to steal financial account credentials and personally identifying information from computer networks it infiltrated, infected an estimated 11 million devices and resulted in more than $500 million in financial losses.

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