How do you remove Warning Dangerous Spyware? Easy 10 points?

a warning dangerous spyware sign came up on my screen, and now my desktop is black flashing that message, im currently running it through malwarebytes anti malware program, but just in case it doesnt work, i need some other ways to get rid of it, any ideas?
i was also wondering if i shud conduct a quick scan or full scan with my malwarebytes?
it added a new icon to my tool bar, its a red circle with a white X inside of it, im afraid that if i click it it’ll download something into my comp. (i had experience with antivirus 2009)

MBAM should remove it, but it would help if you were more specific on what the product it’s advertising is (Antivirus 360, MS AntiSpyware 2009).

Spyware/SmitFraud Infection and Phishing Attempt