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Identity Theft Enforcement and Restitution Act

A new law has recently been passed in the United States which increases the federal prosecution of identity theft crimes and allows for the restitution of victims of identity theft. This bill was originally sponsored by Senator Patrick Leahy, a democrat from the state of Vermont and was introduced into Congress on October 16, 2007. It became a law in October 2008.

What The New Law Encompasses

Under the Identity Theft Enforcement and Restitution Act, it is now easier for prosecutors to go after cyber thieves responsible for identity theft. The law also allows for compensation for victims of identity theft-both for the time and trouble the identity theft caused them and for the actual amount of money lost due to the identity theft. Previous laws regulating this crime required prosecutors to show that the identity theft caused at least $5,000 in damages. The Identity Theft Enforcement and Restitution Act eliminates this requirement.

It's A Felony

This new law also now makes it a felony to damage ten or more protected computers used by the federal government or a financial institution and allows the federal court to prosecute cybercriminals when both they and their victims live in the same state. Previous laws only allowed federal courts jurisdiction if the thief used an interstate communication to access the victims' computers.

Compensation

The Identity Theft Enforcement and Restitution Act requires that victims receive compensation for identity theft not only for money lost due to the crime, but also for the time and trouble caused by the identity theft. Many identity theft victims spend thousands of dollars and many months, or even years, dealing with credit bureaus and banks due to debts causes by fraudulent accounts opened by the identity thieves using the victims' names. The new law states that these victims should be paid an allotted sum of money "equal to the value of time reasonably spent by the victim in an attempt to remediate the intended or actual harm incurred by the victim from the offense." However, at this time, the law does not incorporate lost opportunities caused by identity theft such as the denial of student loans, mortgage, etc..

 

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Spyware has many ways of getting onto your computer, such as:

When you download programs - particularly freeware, or peer-to-peer sharing programs.

More covertly, spyware can install itself just by you visiting certain sites, by prompting you to download an application to see the site properly.

ActiveX controls. These pesky spyware makers will prompt you to install themselves while using your Internet browser