http://refog.com/free-keylogger/key-logger.html
 Summary
"KGB Free Keylogger is a program intercepting keystrokes (that is, a key logger)."

By modifying the INI file of KGB Key Logger local attackers can bypass the password and executing KGB Key Logger.


Details
Vulnerable Systems:
 * KGB Key Logger 1.93

KGB Key Logger password is stored on "C:\Document And Settings\All Users\Application data\KSP"
Allowing every user on the system to change, add and modify the Password, Question and Answer.

Alto the password by itself is encrypted, users can change the passwords, see the question and answer, and generate a new password, or just change 
the settings.

KGP.INI
...
[Password]
OldPassword=E2390F050F1C3DDA3534A73D2ADF45FF
Question=
Answer=