China is America’s enemy #1 in the cybercrime arena.
Domain theft has become the so-called “hot potato” since early 2014; the proliferation of domain crime originating in China can be attributed to the high demand in short domains.
With the Chinese stock market bubble finally bursting, we’re witnessing both a drop in domain crime from China, and a drop in domain prices for so-called “liquid domains.”
But are domains safe?
GoDaddy, the largest domain registrar in the world, is by far the biggest target of cybercriminals attempting to hijack domain names.
As a domain investor recently found out, two factor authentication at domain registrars is a must.
An interesting point: the same investor had listed a domain for sale at Flippa; In a subsequent comment, the investor listed several other domains that they own, in an apparent attempt to promote them; none of these were for sale through the listing, however.
In the days that followed, his account at GoDaddy was successfully infiltrated due to lack of a two-factor authentication, and his domains were stolen temporarily.
The exposure of a full domain portfolio to the public, can often invite cybercriminals, giving them a bigger incentive about their potential target.
It’s advisable to not share entire portfolios publicly, unless one is selling them as part of the domain listing.
What drop..?