Malware Alarm seems to be a corrupt anti-spyware program that might be using false positives as goad to purchase. It is a clone of the illegally distributed Spy Sheriff rogue and other notorious products.
We couldn't test Malware Alarm, as the program failed to install on all our computers due to its bugs, compatibility and stability problems. However, the application is definitely a clone of Spy Sheriff and its variants, so most likely it uses false positives.
We know that the program refuses to remove any parasites it finds and asks to purchase the full
Malware Alarm is a clone of Spy Sheriff, Brave Sentry, SpywareNo!, SpyDemolisher and other corrupt anti-spyware programs. All these programs are known to have identical user interfaces. They produce very similar deceptive scan results.
The official web site is www.malwarealarm.com.
DO NOT buy this product!