VAF player is a free of charge video player that allows you to convert online videos into various formats and has a number of other functions. It is not a computer malware, but the player is considered a potentially unwanted program, because it is related to various freeware applications. Unless you remove VAF player from your computer, other potentially dangerous programs might enter your system and then it would result in a serious malware infection. To prevent that, invest in a computer security application and remove VAF player right now.
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