Tag: Glossary

This procedure, which stands for “Know Your Customer“, refers to a financial institution’s responsibility to verify the identity of individuals who utilize its platform. KYC, or Know Your Client, is an important component of anti-money laundering and anti-terrorism funding efforts. KYC is a common procedure in the financial sector that ensures advisers are aware of particular facts about their customers, and it goes...

A keylogger, sometimes known as keystroke logging software, is a surveillance tool that allows hackers to record user inputs. For personal benefit, hackers employ keyboard recording software and hardware keyloggers to record and access sensitive information such as bank account passwords, private keys, and other personal information from victims. Hardware keyloggers are divided into three categories: Keystrokes were visually monitored...