What is it?
Ad-Aware Browsing Protection is part of Ad-Aware, an anti-spyware and anti-virus program developed by Lavasoft that detects and removes malware, spyware and adware on a user's computer. According to Lavasoft, Ad-Aware detects spyware, computer viruses, dialers, Trojans, bots, rootkits, data miners, aggressive advertising, parasites, browser hijackers, and tracking components.
Description of adawarebp.dll from Lavasoft
“Built upon our legendary anti-spyware and antivirus protection, Ad-Aware real-time web-filtering technology safeguards your PC against phishing attacks and online scams, allowing you to stay protected on social networks and giving you the confidence you need to shop and bank online. It now features download protection (blocks malicious files before being written to disk), sandboxing (keeps unknown apps running in a virtual environment) and advanced detection.”