I've been part a group that did something similar to SETI@home, which used distributed processing. That process also runs in the background at the lowest priority. There were several reports (from the Anandtech crew I think it was) of sysops that got fired just because they installed that software on every server.
If you're using spare cpu time, you're actually consuming more power. A cpu that's idle uses less energy than one that's fully occupied, in that respect you're stealing money. More power=more electricity=money. Fact is, most companies don't want you installing anything on their computers. It could even be in your contract. But a decently configured workstation won't even let you install anything, that is if the sysop knows what he's doing.
If your boss lets you, by all means, use workplace computers as much as you want, but if you do it without telling anyone, you could be in serious trouble (anything from a slap on the wrist to losing your job). It doesn't matter if a program poses a secutity threat or not. You just don't install 'random' software on company computers.