In one embodiment, a method for processing trace data is provided. The method generates trace data during execution of the target application and obtains criteria for identifying whether a value in the trace data is sensitive. An initial occurrence of a sensitive value in the trace data is identified based on the obtained criteria. The method then stores the sensitive value in a data structure accessible by an obscuring process. The obscuring process receives the trace data and obscures occurrences of the sensitive value in the trace data prior to providing the trace data for display.