The same thing happened to me. This is what I had to do to get rid of it.
Please download http://siri.urz.free.fr/Fix/SmitfraudFix.exe
If the tool fails to launch from the Desktop, please move SmitfraudFix.exe directly to the root of the system drive (normally C:), and launch from there.
Please print out or copy this page to Notepad as you will be in Safe Mode and unable to refer to this page.
Reboot your computer in Safe Mode (before the Windows icon appears, tap the F8 key continually)
Double-click on SmitfraudFix.exe
Select option #2 - Clean by typing 2 and press "Enter" to delete infected files.
You will be prompted : "Registry cleaning - Do you want to clean the registry ?"; answer "Yes" by typing Y and press "Enter" in order to remove the Desktop background and clean registry keys associated with the infection.
The tool will now check if wininet.dll is infected. You may be prompted to replace the infected file (if found); answer "Yes" by typing Y and press "Enter".
The tool may need to restart your computer to finish the cleaning process; if it doesn't, please restart it into Normal Windows.
A text file will appear onscreen, with results from the cleaning process; please copy/paste the content of that report into your next reply.
The report can also be found at the root of the system drive, normally C:\rapport.txt
Rightclick on hijackthis exe file and rename it to hjt exe
Post a fresh hijackthis log using hjt exe with rapport txt, and tell how your computer are behaving
process.exe is detected by some antivirus programs as a "RiskTool". It is not a virus, but a program used to stop system processes. Antivirus programs cannot distinguish between "good" and "malicious" use of such programs, therefore they may alert the user.
Also once this was done I found the Video AX folder on my C: programfiles, inside that folder there is a .dll file make a note of the name and then once you have rebooted and you are back in normal mode, get into your registry. Once in the registry look for that file name exactly and then delete the folder it is in. This is how I got rid of all the problems with Video AX Object 2.07.