Riskware

It is neither! It is just a tool that you probably downloaded to help remove malware at some point in time. The word riskware does not mean something is necessarily bad. Also saying something is riskware does not mean a false positive is being given. A false positive is when they tell you something is bad when it is not. Many scanners will point out things they question as being a "risk" or "potentially unwanted tool", or they will use other similar terms. That just means you need to check into what this is and did you download it and do you know what it is. There are many good programs that can be used for bad purposes too. That is why you will see a variety of things (like remote access tools and packet capture tools) flagged as "riskware" or a "potentially unwanted tool".

In the end it comes down to your responsibility to keep track of what you install on your PC.

 

You're welcome.

It is not something you need to keep anyway! Where is it located? You can just delete it since it is not something required by your OS. Just like other tools we use (SmitRem, SmitFraudFix, VundoFix...etc), they can all be deleted after using.

 

Read step 6 of the READ ME again and note that this is mentioned.

 

Yes or you could uninstall PandaActiveScan from Add/Remove programs and then delete any files it leaves behind. This is a well known problem between Avast and Panda and neither of them cares to fix it. It has been around from several years.