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Recently, we analysed samples of a new fake anti-virus program that brands itself as “Alpha Antivirus”. This program uses the following filenames: alphaav.exe and msnaoladdon.dll.“Alpha Antivirus” is a new FakeAlert variant evolved from the “Personal Antivirus” family of rogue anti-virus software. Like many FakeAlert malware, “Alpha Antivirus” promotes itself through the use of pop-up web pages hosted on malicious websites. These web pages mimics a “Windows Explorer” folder and a “Windows Security Alert” dialog, and performs a free but fake online scanning of the affected system.