Title: Process Monitor
Process monitor was a program I wrote to experiment with the PSAPI library. It monitors currently running processes and alerts you when a new process is created that hasn't run before. It uses a nice little tray icon with some semblance of a flashing light. The interface quite unpolished, but it does what it's supposed to do, though it may be completely unintuitive how to do it.
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The program works by polling the running process list on a set time interval, and comparing it with a known list of processes.