Although this thread is over a year old, it went unanswered.
Today, I received the same update notice. This is insane as my version of Windows Defender is up to version 10;
Anyone have any idea as to why a 3 year old update would suddenly want to install - possibly again?
Here is a previous thread on the topic: KB3038936 appeared in Windows Update?
This topic had replies, but the issue was never really addressed.
perhaps missing updated WD files that are needed from KB3038936 and were not all included in newer win8.1 rollups
since KB3038936 is simply a small update, I manually download & install it from the MS Update Catalog so that windows update won't have to offer it again