Severe Vulnerability being actively exploited in Internet Explorer.

An unpatched vulnerabiilty in Internet Explorer is actively being used by malicious attackers that can allow remote code execution on an exploited computer. This would allow a malicious web site to have the ability to execute commands on the remote computer using the same privileges as the logged in user. These commands could include having the compromised computer download and run other software or create accounts. As this vulnerability is currently unpatched it is strongly suggested that you switch to a browser such as Chrome or Firefox until a patch is created and released.

Microsoft has issued a Security Advisory (2757760) discussing this vulnerability and that they are investigating it. As this is a severe vulnerability, it is expected that Microsoft will release an out-of-band patch rather than waiting for a patch tuesday release.

Microsoft is now advising all Internet Explorer (versions 6-9) users (IE 10 is not affected) to install the Enhanced Mitigation Experience Toolkit (EMET).

Deploying EMET will help to prevent a malicious website from successfully exploiting the issue described in Security Advisory 2757760. EMET in action is unobtrusive and should not affect customers’ Web browsing experience.

http://blogs.technet.com/b/msrc/archive/2012/09/17/microsoft-releases-security-advisory-2757760.aspx
http://www.reuters.com/article/2012/09/18/net-us-microsoft-browser-idUSBRE88G1CA20120918

Looks like they want you to do all of these things:

Deploy the Enhanced Mitigation Experience Toolkit (EMET)
This will help prevent exploitation by providing mitigations to help protect against this issue and should not affect usability of websites.

Set Internet and local intranet security zone settings to "High" to block ActiveX Controls and Active Scripting in these zones
This will help prevent exploitation but may affect usability; therefore, trusted sites should be added to the Internet Explorer Trusted Sites zone to minimize disruption.

Configure Internet Explorer to prompt before running Active Scripting or to disable Active Scripting in the Internet and local intranet security zones
This will help prevent exploitation but can affect usability, so trusted sites should be added to the Internet Explorer Trusted Sites zone to minimize disruption.

Microsoft FixIt is available for automatically making changes. http://support.microsoft.com/kb/2757760#FixItForMe

Official patch on sep 21

http://blogs.technet.com/b/msrc/archive/2012/09/19/internet-explorer-fix-it-available-now-security-update-scheduled-for-friday.aspx

Thanks

My ISP disabled my internet service this morning saying thatI downloaded copyrighted movies. I never do that, so I am guessing hijacking. Could it be related to this IE issue?

I doubt it. Do you use torrent programs at all?