calls for .bank domain names
Calls have been renewed for a .bank top-level domain to be created to improve the security of online banking.
The idea is that a .bank domain name would be so expensive that only banks would be able to afford them.
But critics have claim the system will not prevent fraudsters hacking into domain name servers and replacing legitimate addresses with malicious ones.
Another criticism is the possibility that a user might not recognise that a domain name was not .bank.
Security researcher Miko Hypponen said in a recent blog: ‘Today anybody can get a .com domain with a fake name and fake address. This is not a silver bullet. A new top-level-domain (TLD) would not be the end of the phishing problem. But it would be a helpful top-level domain and it would stop a particular subset of phishing completely.’
Hypponon argues that the reason there are no illegitimate government web sites is that fraudsters cannot get a .gov domain name.
No major financial services companies have yet said they are considering the system.
This entry was posted on Thursday, May 24th, 2007 at 10:36 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
