It is an backdoor Trojan and network worm.
It is capable of spreading to computers on the local network protected by weak passwords.
Attempts to connect to a remote IRC server and join a specific channel, allowing a remote intruder to access and control the computer via IRC channels.
Also attempts to terminate and disable various anti-virus and security-related programs.
Navigate to the keys:
and delete the value: Sound Process = svpsvc.exe