Kassbot is a network-aware worm and it will open a ‘backdoor’ through IRC (Internet Relay Chat). This malicious worm will monitor and wait for you to access certain financial Web sites. It will then log keystrokes when they are visited and they will be able to steal your passwords. This is a very dangerous program and it spreads in local area networks. It is able to infiltrate your computer through your Windows operating system that has unpatched security holes.

As malicious as Kassbot is it is fairly easy to remove. It can be removed quickly with SpyZooka, the spyware cleaner.
Spyware Type:
Worm

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