XTrap error with Bandicam

Hi
I've been trying to record gameplay using the Trial version of Bandicam. However, everytime I press record, I get an Xtrap error(pictured below). I'm not good with computers so I have no idea that the message means.

My anti-virus is Kaspersky, if that helps. I have added it to the exclusion list. Also, I use F10 to record. I tried to record without FPS overlay either after hearing that could be the cause. But it didn't help.
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