Sunbelt Software recently reported to the FBI evidence that shows CoolWebSearch is in a massive spyware ring where private information such as user names, passwords, chat sessions, bank information are stored and uploaded to servers. The FBI responded and are working on the case.
You can download this advisory from the following link: https://packetstormsecurity.com/files/download/39210/cwsSpy.txt
Source: https://packetstormsecurity.com/files/39210/cwsSpy.txt.html