NewShortcut1.lnk is a malicious file that is created and used by Spycheck Anti-Spyware 2010. This program is a fake anti-spyware that tends to display fake pop-up notifications on victims' computers. Once it scares them into believing that their PCs are affected, it offers to buy a fake license and remove all viruses from the system. Of course, if you don't want to lose your money, you should ignore Spycheck Anti-Spyware 2010 alerts and never pay for its license. In addition, you should remove this fake anti-spyware with a help of reputable security application.
NewShortcut1.lnk is added to the system as soon as Spycheck Anti-Spyware 2010 infects it. It is used for a long list of dangerous activities that can easily initiate problems with the computer system and victim's privacy. If you want to avoid the loss of your logins and passwords, you should remove NewShortcut1.lnk. By the way, there are many other viruses that use this file for degrading system's performance, displaying commercial advertisements or performing other annoying actions. That's why you should never postpone NewShortcut1.lnk removal. For that we recommend using RegCure Pro.