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 The virus tries to copy itself through some network backdoors.  Once it infects your computer it will open more back doors thus compromising security. It is easy to remove, you need to update your anti-virus software and run a full scan. Here is some specific information from Symantec:  This information can be found  at :

http://www.symantec.com/security_response/writeup.jsp?docid=2007-022615-1754-99&tabid=1 

Discovered: February 26, 2007
Updated: February 26, 2007 4:40:07 PM
Also Known As: W32/Sdbot-CZW [Sophos]
Type: Worm
Infection Length: 209,920 bytesW32.Rinbot.H is a worm that spreads through network shares and by exploiting certain vulnerabilities. It also opens a back door on the compromised computer.

Protection·                                

Virus Definitions (LiveUpdate™ Daily) February 27, 2007 ·                                
Virus Definitions (LiveUpdate™ Weekly) February 28, 2007 ·                                
Virus Definitions (Intelligent Updater) February 27, 2007 ·                                
Virus Definitions (LiveUpdate™ Plus) February 27, 2007

Threat Assessment·                                 
                             
Payload: Opens a back door on the compromised computer. ·                                
Releases Confidential Info: May steal CD keys from certain video games.                                 
Target of Infection: Copies itself to IPC$ shares.


Spreads through certain vulnerabilities