Hey, the only information it collects is your ip address and the game client version you are using. The program scans running proccesses because most trojans/worms are invisible or very small 5kb and under proccesses and most systems hide these. I have broke the program with c# and tested it on an actual trojan horse file and the so called "antivirus" was useless. So it really isnt a big problem yet but i will be keeping an eye on it incase they do decide to start collecting information.
Also, if your "normal" anti virus detects it as a threat, just know it isnt because if you think to yourself how does a anti virus program work? it acts as a threat to find others like it. Why do you think when you come to install a second antivirus or update your current it asks you to remove the other. In My opinion just delete it. It removes the hastle of thinking about it and besides it is useless and is only there to look good.