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Hi Darkeness,
I am an engineer at a company that manufactures and sells one of the top three firewalls today. I'm afraid my answer won't give you complete peace of mind, but it should help you feel safe in some respects.
The real answer is that some of the things people call "mods" are dangerous and some are not. And if I call a mod dangerous I don't mean that it is harmful, but rather that it is relatively easy for someone to make it harmful, whereas some files are much harder to make harmful. The easiest example is a photo or picture in some format like .jpg, .gif, etc. A file like that is extremley difficult to make harmful and thererfore pretty much "safe".
Here's a good rule of thumb to use when considering a Wow mod. It all depends on how the mod works. If unpacking it in the interface/addons directory and checking the box in wow is all you need to do to use it, you can pretty much figure that the file is safe. It would be very unlikely that someone could engineer a way to use that mechanism to do anything other than what Bizzard intended them to do. HOWEVER, if the mod requires you to do anything else, ESPECIALLY if it requires you to "run" it, either either to install it, before you run wow, during wow, or if it launches wow, then that is a file that is very easy to make harmful and is dangerous. Unfortunately this would include programs like the Curse installer, any of the third-party database clients (thottbot, allahkazam, wowecon, etc) and anything that ends with .exe, .com, .bat. Also, any Active-X controls that attempt to load while you are viewing wow web sites (or any site for that manner) are potentially harmful.
So to sum up, files that you just drop in the interface/addons directory and WOW does the rest are safe. Files that are going to do stuff for you outside of WOW are dangerous.
I hope this helps.
-Cowisimoo/Darkspear
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