What is report.exe? Should I remove it?

report.exe is an executable file that is responsible for launching parasites, loading main components of malicious programs and running a destructive payload. It is a significant part of a dangerous parasite, but can also function as a stand-alone threat. DO NOT run this file!
The report.exe file is installed and used by KidLogger.
The report.exe file usually runs the same named process. This process silently works in background and performs harmful actions. It remains active while report.exe is present in the system. Removing the file will immediately terminate a process and prevent it from running later. That is why you have to manually delete the report.exe file. If you cannot erase it, consider using recommended spyware removers, which will get rid of report.exe and associated parasites for you.
Please note that the report.exe file actually may be a fully legitimate part of the operating system or legitimate software. Often parasites use files with unsuspicious names, but malicious functionality. You should always carefully check the file before deleting it. It may not be related with malware, but can be required by your essential programs to work properly. File report.exe is related to KidLogger.