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Problem with my Asus covered in red dots

NB Semi Evil Ryu

Former Sub-Zero of the Midwest (2011 - 2015)
So this just happened:

I've moved my Xbox 360 from my widescreen tv downstairs up into my room where I have my one-year old Asus monitor.

Plugged it into my Asus via HDMI, but now I'm seeing a bunch of red dots everywhere. I can still see images and text clear enough. But it looks like where there are areas that would normally be pitch black, they are instead red.

I currently have the 360's video settings at 1080p / Widescreen / HDMI. I've tried tinkering with the settings a bit and it either makes it even worse or does not improve at all.

Any thoughts?