New York, NY (September 16, 2008) — The Interactive Advertising Bureau (IAB) today commended Congress for passing provisions of the Identity Theft Enforcement and Restitution Act as part of H.R. 5938. The bill provides additional tools and resources to law enforcement agencies for tracking down and prosecuting cyber criminals, removes legal barriers to the prosecution of purveyors of malicious spyware, and allows for restitution to victims of identity theft.
“We appreciate the attention that Congress is giving to the important issues of combating identity theft and the proliferation of malicious spyware, and we support the approach taken in this legislation,” said Mike Zaneis, Vice President of Public Policy at the IAB “The passing of this bill supports the interactive advertising industry’s goal of increasing enforcement actions against bad actors whose criminal activity can tarnish the reputation of the online advertising industry.”
Identity theft is estimated by the Federal Trade Commission to affect 9 million Americans each year. Criminals can use spyware, which is malicious downloadable software, to facilitate identity theft.
“The threat of having consumers’ identities stolen and the proliferation of spyware can erode consumer confidence in the Internet and undermines legitimate advertising and e-mail practices,” Zaneis said. “IAB endorses the approach taken by Congress, which appropriately targets illegitimate conduct and provides law enforcement agencies with additional tools and resources to bring these criminals to justice. The language passed by Congress strikes the appropriate balance between the need for effective law enforcement and protection of legitimate industry practices.”
About the IAB:
The Interactive Advertising Bureau (IAB) is comprised of more than 375 leading media and technology companies who are responsible for selling 86% of online advertising in the United States. On behalf of its members, the IAB is dedicated to the growth of the interactive advertising marketplace, of interactive’s share of total marketing spend, and of its members’ share of total marketing spend. The IAB educates marketers, agencies, media companies and the wider business community about the value of interactive advertising. Working with its member companies, the IAB evaluates and recommends standards and practices and fields critical research on interactive advertising. Founded in 1996, the IAB is headquartered in New York City with a Public Policy office in Washington, D.C. For more information, please visit www.iab.net.
IAB Media Contact:
Director, Marketing Communications
Robert Marston and Associates