Yes that is
Heuristic analysis and I am assuming that they have that capability as a minimum base line parameter along with
code emulation and
link tracking.
If you do your banking or shopping on-line, or other security-sensitive and financial transactions, you can be sure that your personal data cannot be monitored by spyware or key-logging software if you use a sandbox (Virtualisation and Emulation utilised to create a virtual browsing environment on your desktop) no need for a full blown OS in a virtual machine.