The virus you mention was being propagated over porn sites (mainly), whereby a malicious site that has an embedded video that is a windows movie file (wmv), and usually macs will read the wmv with QuickTime Player via a plug-on called Flip-4-Mac; the malicious site will deliver a pop-up window while trying to load the video, saying that you need to update your Flip-4-Mac plug-in, and will immediately prompt you for the admin password to “install” the “update”. In reality, it is installing a Trojan Horse.
There is info on it if you go to Intego’s website (one of several anti-virus software devs). While there are relatively few viruses out there for Mac, as a savvy user, you should always be wary of any software or plug-in updaters that do not come from the software developer’s main site. Apple’s software is never updated via a web browser, always via the Software Update” utility. Also software and plug-ins should always be updated via a .dmg file that you download, then double-click to install. Never enter your computer’s admin password in your web browser.
Hope this helps.