Cybercrime, in the form of financial institution domain spoofing, has cost banks and consumers billions of dollars in 2015 alone.
Dot .Bank, the managed, authorized gTLD to be used by Banks, is changing that fast.
Hundreds of European banks are registering with dot .Bank, to ensure that their customers receive protection from unauthorized account transactions.
According to CentralNic, over 500 banks in Europe, including the Royal Bank of Scotland and Santander, have applied for a .Bank domain name to help fight off increasing cyberattacks.
These restricted domain names – that only banks can apply for – are more secure, as bank customers will know they are dealing with a real bank.
More than 5,000 .dot .Bank registrations have been made in the US, with the first successful applications progressing to operational websites.
Source: ComputerWeekly.
