scare-ware

scareware

[skair-wair]
noun
Computers. software that is sold as computer security or as an antivirus or other utility program but is either useless or is itself malware: I was a victim of scareware—I got a warning that my computer was about to fail, so I panicked and purchased the advertised software, which wiped my hard drive instead of fixing it!

Origin:
scare + -ware

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