Payments and Fraud Glossary


Key Stroke Logger

Hardware or software that records the keystrokes and mouse movements made on a particular computer. Hardware loggers can be placed by dishonest staff or unauthorized visitors. Software loggers can be installed in the same way, or more usually by malicious email or malware. Authorized keyloggers may be used in order to facilitate an audit trail.

Keystroke Dynamics (typing dynamics)

The automated method of identifying or confirming the identity of an individual based on the manner and the rhythm of typing on a keyboard.

Know Your Customer (KYC)

The term refers to due diligence activities that financial institutions and other regulated companies must perform to ascertain relevant information from their clients for the purpose of doing business with them. Know your customer policies are becoming increasingly important globally to prevent identity theft, financial fraud, money laundering and terrorist financing.