This is bad, bad, bad, terrible, and more bad.
tl;dr There is an adware called Privdog that gets shipped with software from Comodo. It totally breaks HTTPS security.
A number of people gathered in a chatroom and we noted a thread on Hacker News where someone asked whether a tool called PrivDog is like Superfish. PrivDog’s functionality is to replace advertising in web pages with it’s own advertising “from trusted sources”. That by itself already sounds weird even without any security issues.
A quick analysis shows that it doesn’t have the same flaw as Superfish, but it has another one which arguably is even bigger. While Superfish used the same certificate and key on all hosts PrivDog recreates a key/cert on every installation. However here comes the big flaw: PrivDog will intercept every certificate and replace it with one signed by its root key. And that means also certificates that weren’t valid in the first place. It will turn your Browser into one that just accepts every HTTPS certificate out there, whether it’s been signed by a certificate authority or not.