FYI…

- http://www.f-secure.com/weblog/archives/ar…7.html#00001184
May 3, 2007 ~ "…Rogue banking sites are popping up every day. Hosted on Web sites with misleading names that read like a real bank's Web address, the domains are registered with fake contact information. These impostors then bombard consumers with phishing e-mails, luring them to these sites, where their financial information is stolen.
How does this happen? At the moment, anyone willing to pay the fee of $5 or so can register any domain name they want, as long as the name is not already taken. So creating these look-alike pages is fast, easy, and cheap. Why do banks and other financial institutions operate under the public top-level domains, like .com? The Internet Corporation for Assigned Names and Numbers, the body that creates new top-level domains, should create a new, secure domain just for this reason – something like ".bank", for example. Registering new domains under such a top-level domain could then be restricted to bona fide financial organizations. And the price for the domain wouldn't be just a few dollars: It could be something like $50,000 – making it prohibitively expensive to most copycats. Banks would love this. They would move their existing online banks under a more secure domain in no time. The creation of a new domain for a specific industry is not unprecedented: We've already done it for museums, with their restricted ".museum" top-level domain. If we can manage to protect storehouses of precious works of art from the Internet's most shameless thieves, surely we can find a way to protect our money."

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