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The W32/Induc virus has been in the wild for at least a year. During this period it has succeeded in infecting a lot of Delphi installations, including manufacturers of some pretty popular software packages.
On a victim’s machine this virus searches for the presence of a specific version (4.0, 5.0, 6.0 and 7.0) of the Delphi compiler. The virus gathers this information using the registry entry below.

If it finds one of these versions, the virus inserts its code into the file SysConst.pas, which is present in x.0\Source\rtl\sys. The virus renames the current Sysconst.dcu, which is present under the Delphi library folders, to SysConst.bak. The SysConst.pas file containing the viral code–like the one shown below–is complied using the Delphi command line compiler dcc32.exe to create an infected SysConst.dcu. The original SysConst.pas file is then deleted.

McAfee detects all files that have been compiled with the infected Delphi program as W32/Induc. Some customers have contacted us suspecting that this result is a false positive, but this is known correct detection from McAfee.
This virus does not have a malicious payload. It just spreads through the compiled executables.
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Induc reminded me of one paper by Ken Thompson titled “Reflections on trusting trust”:
http://portal.acm.org/citation.cfm?id=358210
It is interesting that the paper was published in 1984.
Viruses without (apparent) malicious payloads have been known to still be detrimental later on. Some viruses introducing sections of itself onto a system in segments. It is good that Mcafee can detect it but I would still watch out for this one in the future.
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