writes "The Washington Post alerts Windows users about a new peer-to-peer backdoor client that is installed maliciously on broadband-connected computers around Asia and the United States. The client is then used for distributed DOS attacks and sending out large amounts of spam. Phatbot, according to government sources, is installed on hundreds of thousands machines already. Phatbot snoops for passwords on infected computers and tries to disable firewall and antivirus software, albeit it is detectable by antivirus packages."
An anonymous reader submits a link to this description of the beast