I hate to be the bearer of bad news, but spam on our forum and increased tenfold since installing KeyCAPTCHA. If anything, it seems less secure than the reCAPTCHA or the Q&A methods (both of which are far from perfect, but seem to reduce spam more than KeyCAPTCHA does). I've been deleting spam posts and banning spammers all day for a couple of days now - hundreds of them - since installing this.
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