Blue Screen of Death while using KMP player

Hi everyone,
My screen suddenly becomes blue all over with some errors on it and then restarted afterwards. This happened while I was plying video using KMP player and pressed the right arrow to forward the video. I was also viewing YouTube on Firefox browser.
I figured maybe it has something to do with clicking the right arrow in my KMP player but I'm not so sure. I want to hear your thoughts bout this issue. Why am I getting this error? What should I do to fix this? Thank you.
Here is my specs:
- Windows 7 Ultimate 32bit.
- Intel Core 2 Duo E7500 2.93 GHz.
- 2 GB RAM.
- ATI Radeon HD 4300/4500 Series.
