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Win32.FraudTool.SecurityDefender is a rogue anti-spyware application. It may give exaggerated threat reports on the compromised computer then ask the user to purchase a registered version to remove those reported threats.
Known system changes:
c:\Documents and Settings\<USER>\Application Data\Microsoft\Internet Explorer\Quick Launch\Security Defender.lnk
c:\Documents and Settings\<USER>\Local Settings\Temp\<random>.tmp