Spy/Beaster is classified as Spyware.
Spyware are software components responsible for logging online activities.
The Fortinet Anti-Spyware Research Team is currently in the process of creating a detailed description for this Spyware.
For additional information about Spyware, and how Fortinet classifies Spyware threats please see Fortinet's paper in PDF format:
Spyware Classification and Terms.