The name of this virus comes from the 'PC Byte Bandit' text which is found in some of the variants.
This virus family was written in Sweden in 1992. First versions of this virus infected only the command interpreter. Later versions are resident and infect all executed COM-files. Some versions also include stealth routines and use variable encryption.
Based on the settings of your F-Secure security product, it will either move the file to the quarantine where it cannot spread or cause harm, or remove it.
Some of the variants include the following encrypted text:
Demoralized Youth PCBB, version 3.0Written by : Charlie! :
Demoralized Youth was a Scandinavian virus writing group, which is no longer active.
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