Just a little test...Please test yourself & check...I am just mentioning what I tried & results I got.
Win 10 64 Pro
KIS 2017 Default Settings with PUP Enabled
Chrome 64 Bits Installed (Kaspersky Protection)
Vivaldi 64 Bits Portable (No Kaspersky Protection)
Spyshelter Test Tools - Tested Keylogging Only
Kaspersky Virtual Keyboard was not used i.e Laptop Keyboard was used.
Spyshelter Test Tools was detected as "User activity monitoring software detected" with the options...Delete, Skip & Exclude.
Selected "Delete" And Advanced Disinfection alert appeared And I selected "Delete without restart" And was deleted successfully.
Tried again And this time selected "Skip". Alert appeared 3 times And every time selected "Skip".
Started Keylogging Test And entered fake Username & Password on one bank website.
Vivaldi 64 Bits Portable (No Kaspersky Protection) - Keylogging test window showed Username & Password entered on the bank website.
Chrome 64 Bits Installed (Kaspersky Protection) - Keylogging test window showed nothing i.e blank.
Moved Spyshelter Test Tools entry from Low Restricted to Trusted
Vivaldi 64 Bits Portable (No Kaspersky Protection) - Keylogging test window showed Username & Password entered on the bank website.
Chrome 64 Bits Installed (Kaspersky Protection) - Keylogging test window showed nothing i.e blank.
Removed Spyshelter Test Tools entry from Application Control And ran Test Tools again And got the alert And selected "Exclude".
Vivaldi 64 Bits Portable (No Kaspersky Protection) - Keylogging test window showed Username & Password entered on the bank website.
Chrome 64 Bits Installed (Kaspersky Protection) - Keylogging test window showed nothing i.e blank.