Spyware Guard 2008 is a new entrant to the family of rogue security software. It is not to be confused with
SpywareGuard a fine freeware from Javacool software. Please note that this is not a virus but malware and/rogueware.
A rogue security software belongs to a family of software products that call themselves as antivirus, antispyware or registry cleaners and often use deceptive or high pressure sales tactics and deliberate false positives to convince users into buying a license/subscription. They are often repackaged and renamed. They do not actually remove malware instead many of them add more malware of their own.
There is only one program out there that i am aware of that can remove this rogue...it is superantispyware...and the free version will remove the malware.
SUPERAntiSpyware.com - AntiAdware. AntiSpyware. AntiMalware.
Download the program and install it...then reboot into safe mode by pressing the F8 key at boot....run the program from safe mode as it will work the best then!