Hi Srikanth_Subra,
The data card (SD card/USB drive used to share files) is infeted with Downloader.Dromedan. When sharing it around, the end users are spreading an infection throughout the network. It is absolutely essential to get that card and those computers isolated before they can further spread the theat!
Best Practices for Troubleshooting Viruses on a Network
http://www.symantec.com/docs/TECH122466
Do not disable IPS as it is what is saving you at the moment.
Spotting the malicious file on that drive will be easy enough. Just use SymHelp to scan the SD Card. Here is an illustrated guide:
Using Today's SymHelp to Combat Today's Threats
https://www-secure.symantec.com/connect/articles/using-todays-symhelp-combat-todays-threats
Once you have identified that large oddly-named suspicious file, submit it to Security Response. They will build defenses against it which will remove the infection and stop those IPS alerts.
Symantec Insider Tip: Successful Submissions!
https://www-secure.symantec.com/connect/articles/symantec-insider-tip-successful-submissions
Please do keep this thread up-to-date with your progress! &: )
Mick