Samizdata - 4:41 pm on May 20, 2011 (gmt 0)
Some folks around here would probably like details
Reports I have seen suggest that it has been exploiting high Google rankings for searches as diverse as "Osama bin Laden", "Mothers' Day" and "Frank Lloyd Wright". Google Image searches seem to be particularly affected. I have yet to see anyone blame a panda.
The host site apparently uses a pop-up window claiming infections have been detected and offering a scan - the scan (actually an animation) takes a few seconds and in some reports claims that viruses have been detected on the C drive (seriously).
Some variants do an immediate drive-by download of a .zip archive that may automatically be opened depending upon browser settings. Safari, Chrome and Firefox have all been cited.
It is not a virus. It is scareware and has to be installed manually. I have seen no reports of any actual system damage, though some people have paid for the program by credit card.
Removal is done by terminating the active process in Activity Monitor before deleting the application and any associated files found with a basic search.
Comments on various forums unsurprisingly confirm that idiots who own Macs are just as stupid as idiots who habitually use other platforms.