Will new global top-level domain names protect banks against phishing?
New generic top-level domain names will likely form part of longer term anti-phishing strategies but banks generally should monitor developments for unexpected consequences. September 13, 2012 | Carol WheatcroftICANN (Internet Corporation for Assigned Names and Numbers), the Los Angeles-based non-profit organisation that manages Internet domain names, adopted a process that expands the range of top level domain names available, from the current 22 to an indeterminate number in any language or script. Top level domains are the portion of the domain name to the right of the dot and include well known domains such as ‘.com’. Organisations, including banks, will soon be able to own their brand’s generic top-level domain (gTLD) such as ‘.HSBC’, ‘.ICBC’ or even ‘.工行’. Table 1. Applications for new domain names by financial institutions Organisations have been willing to pay $185,000 per domain address plus a further $25,000 per year per address for a minimum of ten years, as they believe the new addresses will help to enhance their online presence and build more trust in their brand; the belief is that their customers will have greater certainty that they are dealing with the organisation and the web presence is not a scam if they are offered an address that includes the top level domain. Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
Categories: Data & Analytics, Operational Risk & Security, Risk & Performance, Technology & OperationsData & Analytics,OperationalRiskSecurity,Risk & Performance,technology, Data & Analytics,Operational Risk & Security,Risk & Performance,Technology & Operations, Keywords:ICANN, ANZ, CBA, CIMB, CITIC, Citibank, HDFC, HSBC, JP Morgan, Softbank, Phishing, GLTD ICANN, ANZ, CBA, CIMB, CITIC, Citibank, HDFC, HSBC, JP Morgan, Softbank, Phishing, gLTD
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