The report alleges that Avast and AVG are collecting personal information and sending it to Jumpshot, a subsidiary of the company.
Antivirus vendor Avast Software has agreed to buy rival AVG Technologies for US$1.3 billion in cash.
Malwarebytes said it may take three to four weeks to fix flaws in its consumer product found by Google security researcher Tavis Ormandy.
A banking trojan, known for its small size but powerful capabilities, has expanded the number of financial institutions it can collect data from, according to security vendor Avast.
A type of malware called Reveton, which falsely warns users they've broken the law and demands payment of a fine, has been upgraded with powerful password stealing functions, according to Avast.
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