Crypto Terms: Letter K

What is Keylogger?

Meaning:

Keylogger - is a tool utilized by hackers to document keystrokes that were made by users, either through a software program or a hardware device.

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Let's find out Keylogger meaning, definition in crypto, what is Keylogger, and all other detailed facts.

The act can be referred to as keylogging or keystroke logging.

For personal benefit, hackers employ keyboard recording software and hardware keyloggers to capture and retrieve victims' sensitive data such as bank account information, account passwords, private keys, and so on.

Keyloggers have evolved from eavesdropping instruments commonly employed by criminals or governmental entities, to a commercial industry of their own, permitting the average person to buy their own edition of keylogging software.

Parental supervision is a typical, more harmless use case for keyloggers, in which parents may track their children's internet activity.

Keyloggers can also be used for lawful purposes. System administrators, for example, may deploy keylogging software to monitor employees' activity. Keyloggers are also important for law enforcement since they may be used to track offenders and efficiently transfer all recorded data to all offices.

The three most important types of hardware keyloggers are:

USB-loaded keyloggers that give the computer a keystroke logger malware.
Hidden camera loggers typically visually controlled keystrokes.
Keyboard hardware keyloggers can be built-in or linked to a device using a cable.

Furthermore, keyloggers may be used to acquire digital currency from individuals by capturing their exchange passwords or collecting their private keys from their crypto wallets.

This danger is readily addressed by utilizing a hardware wallet and enabling the two-factor authentication (2FA) option in exchange accounts. The two-factor authentication is supported by the vast majority of the biggest cryptocurrency exchanges.

Additionally, the simplest technique to discover a software keylogger is to examine the system functions. If you see anything unusual, you must look it up online to check if it is from legal software or a known keylogger.

Checking your computer's data flow would also be a wise decision.

cryptocurrency exchanges<\/strong><\/a>, causing the value of specific <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-token/">tokens to be greater than on other international exchanges<\/strong>. How does it work? <\/em>A trader from South Korea needs to buy a token, let’s say <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin, from an exchange that is outside of South Korea, and then sell it on one of the South Korean exchanges, let’s say Bithumb. This way, the trader buys a token for a smaller price<\/strong> elsewhere but sells it for a higher price in South Korea.<\/p>\nThe Kimchi Premium was identified as a phenomenon at the beginning of 2016. The token value differences due to the Kimchi Premium were highest between 2016 and 2018. In January of 2018, the difference between Bitcoin<\/strong> values in South Korean exchanges and other international exchanges was about 55%. However, normally, it is about 4.5%.<\/p>\nThe difference between token values all over the world happens for a reason<\/strong>. What is the reason? <\/em>Well, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrency trading is a decentralized process. Therefore, when <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-blockchain/">blockchain technology<\/strong><\/a> evolves and new crypto tokens emerge, it is hard for exchanges all over the world to keep up <\/strong>with the constant waves of changes and adapt to them at the same time. Thus, it results in phenomena like Kimchi Premium.<\/p>\nHowever, taking advantage of these differences in token values is not a new practice<\/strong> in the cryptocurrency world. The Kimchi Premium phenomenon only happens in South Korea but smaller token value differences occur all over the world. Therefore, when traders notice it, they start trading between different exchanges to gain more profit.<\/p>\nThough taking advantage of the Kimchi Premium is technically a form of arbitrage. Therefore, the South Korean government has imposed strict capital control restrictions<\/strong> to prevent traders from making a profit from this phenomenon. Besides, other financial regulations and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-anti-money-laundering-aml/">Anti Money Laundering legislation<\/strong><\/a> prevent the traders from manipulating the market through the Kimchi Premium even more.<\/p>","definition":"a phenomenon happening in South Korean crypto exchanges that makes the value of certain tokens higher than it is on other international exchanges.","status":"published","meta_title":"What is Kimchi Premium? Definition & Meaning | Crypto Wiki","meta_description":"Kimchi Premium meaning: Kimchi Premium - a phenomenon happening in South Korean crypto exchanges that makes the value of certain tokens higher than it is on other international exchanges.","meta_keywords":null}" :prev-section="{"id":992,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Keccak","level":"medium","author_id":1,"created_at":"2023-06-19T06:59:01.000000Z","updated_at":"2024-01-03T07:31:09.000000Z","slug":"what-is-keccak","title":"What is Keccak?","section":"K","keyword":"Keccak","content":"Keccak is a cryptographic mechanism<\/strong> that was created by Gilles Van Assche, Guido Bertoni, Joan Daemen, and Michael Peeters. It offers the best and most upgraded security compared to how it was with older SHA-1 and SHA-2<\/strong> hash functions<\/strong>. However, the algorithm is used for other functions as well.<\/p>\n2007 was approximately the year when the Keccak function started to be created. It took place after NIST's announcement of a public competition and testing procedure for a new cryptographic hash function capable of overcoming the possible weaknesses of the prior SHA-1 and SHA-2.<\/p>\nTo put things into perspective, the Secure Hash Algorithm (SHA) is a collection of cryptographic hash functions<\/strong> that were published by the U.S. National Institute of Standards and Technology (NIST). Speaking of the earlier versions, SHA-1, and SHA-2, these are very similar and were created by the US National Security Agency (NSA).<\/p>\nConceptual attacks on SHA-1 were carried out in 2004 and made public in 2005. NIST announced SHA-2 as the new standard hash function to be used a few years later, in 2011. However, the transition from SHA-1 to SHA-2 was extremely slow, and it wasn't until early 2017 that a considerable number of developers and computer scientists made the switch. <\/p>\nSoon afterward, in February 2017, Google disclosed an effective SHA-1 collision attack. Since then, SHA-1 is no longer regarded as safe, and its use is banned.<\/p>\nEven though Keccak has the same hash lengths as SHA-2, they are still distinct<\/strong>. This is why Keccak is also considered to be SHA-3.<\/p>\nBecause Keccak includes a unique structure, which is demonstrated to be safer and more reliable than the other algorithms. This is why it was chosen by NIST. The SHA-3 algorithm is based on sponge functions (or sponge construction), as opposed to the Merkle Damgrd construction used by SHA-1 and SHA-2, if you were to look at it from a technical standpoint.<\/p>\nUntil today, there were no major SHA-2 attacks, but it doesn’t change the belief that hash functions could be breached eventually. If this happens, it will take a long time to establish a new one.<\/p>\nSpeaking of which, there were, however, successful breaches through SHA-1. They took place back in 2004 and 2005. This was the stepping stone of the idea to develop a new standard function.<\/p>\nFollowing that, in 2012, Keccak was finally considered to be the newest addition to the collection of SHAs. It was the third version - SHA-3.<\/p>\nEven though SHA-2 is a previous version, it’s still used and considered to be safe. To specify, it’s employed by various cryptocurrencies including <a href=https://www.bitdegree.org/"//crypto//buy-bitcoin-btc/">Bitcoin. It is a part of the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-mining/">mining process.<\/p>\nConsidering the safety and low level of attack possibility SHA-3 is seeing an increasing adoption as well. But it doesn’t stop there. In the future, there will be even more new and innovative hash algorithms being created. It’s mandatory since the cryptography industry is always evolving and solving numerous issues.<\/p>","definition":"can also be referred to as SHA-3 is a cryptographic algorithm.","status":"published","meta_title":"What is Keccak? Definition & Meaning | Crypto Wiki","meta_description":"Keccak meaning: Keccak - can also be referred to as SHA-3 is a cryptographic algorithm.","meta_keywords":null}" :model="{"id":445,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Keylogger","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2024-01-04T03:31:12.000000Z","slug":"what-is-keylogger","title":"What is Keylogger?","section":"K","keyword":"Keylogger","content":"The act can be referred to as keylogging or keystroke logging.<\/strong><\/p>\nFor personal benefit, hackers employ keyboard recording software and hardware keyloggers to capture and retrieve victims' sensitive data such as bank account information, account passwords, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-private-key-secret-key/">private keys<\/strong><\/a>, and so on.<\/p>\nKeyloggers have evolved from eavesdropping instruments commonly employed by criminals or governmental entities, to a commercial industry of their own, permitting the average person to buy their own edition of keylogging software. <\/p>\nParental supervision is a typical, more harmless use case for keyloggers, in which parents may track their children's internet activity.<\/p>\nKeyloggers can also be used for lawful purposes. System administrators, for example, may deploy keylogging software to monitor employees' activity. Keyloggers are also important for law enforcement since they may be used to track offenders and efficiently transfer all recorded data to all offices.<\/p>\nThe three most important types of hardware keyloggers are:<\/p>\n<ul>\n<li>USB-loaded keyloggers that give the computer a keystroke logger malware.<\/li>\n<li>Hidden camera loggers<\/strong> typically visually controlled keystrokes.<\/li>\n<li>Keyboard hardware keyloggers can be built-in or linked to a device using a cable.<\/li>\n<\/ul>\nFurthermore, keyloggers may be used to acquire digital currency from individuals by capturing their exchange passwords or collecting their private keys from their crypto <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-wallet/">wallets. /n
This danger is readily addressed by utilizing a hardware wallet and enabling the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-two-factor-authentication-2fa/">two-factor authentication (2FA)<\/strong><\/strong><\/a> option in exchange accounts. The two-factor authentication is supported by the vast majority of the biggest cryptocurrency exchanges.<\/p>\nAdditionally, the simplest technique to discover a software keylogger is to examine the system functions. If you see anything unusual, you must look it up online to check if it is from legal software or a known keylogger. <\/p>\nChecking your computer's data flow would also be a wise decision.<\/p>","definition":"is a tool utilized by hackers to document keystrokes that were made by users, either through a software program or a hardware device.","status":"published","meta_title":"What is Keylogger? Definition & Meaning | Crypto Wiki","meta_description":"Keylogger meaning: Keylogger - is a tool utilized by hackers to document keystrokes that were made by users, either through a software program or a hardware device.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\nWith close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\nAaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\nAaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}" :chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? 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Mining?","status":"published","modified_content":null},{"chapter_id":9,"order":3,"slug":"what-is-staking-crypto","title":"An Advanced Look into What is Staking Crypto","status":"published","modified_content":null},{"chapter_id":9,"order":4,"slug":"what-is-proof-of-stake-vs-proof-of-work","title":"Proof-of-Work VS Proof-of-Stake: The Differences That Matter","status":"published","modified_content":null},{"chapter_id":9,"order":5,"slug":"what-is-crypto-mining-rig","title":"Crypto Mining Rig: What It is and How to Build One?","status":"published","modified_content":null}]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/crypto-101-glossary.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}]" current-chapter="K" current-section="what-is-keylogger">

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