IPSysDrv32 is a normal adware program with spyware capabilities.  It was first discovered in July of 2003.  It is typically delivered on your computer by ActiveX enabled drive-by downloads and is sometimes bundled with freeware from P2P file sharing groups.

For the most part, IPSysDrv32 acts like a normal adware pop-up generator.  It delivers pornographic ads without consideration of browsing history.  However, it also logs keyboard activity and can take screen shots of your monitor.  It delivers this information to a remote server for unknown purposes.