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This is a new scam, which does a fake scan of your PC off of a web page. Pretty cool to watch — it just makes stuff up.

As Sunbelter Patrick Jordan says:

It installs a toolbar and an exe in a webspyshield folder however, it is a fake web based scam. You have to be connected for it to run and I would hate to think what anyone may pay for to register it as it is no real software but only a new form of their online scanner scams.

The hijackthis shows it even hijacks the home page.

R0 – HKCUSoftwareMicrosoftInternet ExplorerMain,Start Page = http://webspyshield(dot)com/scan.html
O2 – BHO: WebSpyShieldToolBarShower – {DC87418B-0B2C-424E-900D-54F2ECE15B6B} – C:Program FilesWebSpyShieldWebSpyShield.dll
O3 – Toolbar: WebSpyShield – {E4988DE7-C5DB-4173-96F9-AAC426AF7BCE} – C:Program FilesWebSpyShieldWebSpyShield.dll
O4 – HKCU..Run: [WebSpyShield] C:Program FilesWebSpyShieldWebSpyShield.exe

Webspyshield2384888

Alex Eckelberry
(Credit to Bharath)