Is the av.exe process a virus, spyware or malware?

Process description:

MALWARE (Fraud.XPInternetSecurity2010)

Author: Unknown
Part of: Unknown
This process is malware and should be removed as soon as possible.

To remove, firstly stop the process "av.exe" from running and then perform a search for av.exe (remember to tick the 'show hidden files' box).

The av.exe process should exist in the %localappdata% folder and should be removed.

Once complete, update and run your spyware removal software (such as SpyBot search and destroy).
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Common location(s):
%LOCALAPPDATA%\av.exe
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What is this av.exe process and what does it do?
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Anyone have ANY info?
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