cds.exe definition:

The cds.exe file is installed and used by Trojan Spymon. It is a dangerous process and should be terminated and removed immediately after detection, as cds.exe may be extremely harmful to your computer.

Since cds.exe is used by a trojan as one of its main processes, it is imperative that you use automatic anti-spyware software to remove the trojan parasite altogether, or else your system will be at great risk. Trojans are used by intruders to remotely access your system and steal your personal data, files and even take complete control over your system, and Spymon is not an exception. Removing cds.exe may cripple the trojan, but it will repair itself later if not completely removed.