The "WARNI" on the Console application icon is just part of the icon and does not imply any ability of the app to detect ill intentioned activity. In fact, the console logs only display messages that have been sent by the system and various applications. There is no analytical capability in the application whatsoever. By and large the console logs can only be fully interpreted by knowledgable system and/or application developers. However some power users may be able to infer the source of a problem from the log messages.