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Dot Bank Launches to Clamp Down on Banking Fraud

26/06/2015 by Sharon Shahzad

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The fTLD Registry has officially launched the new generic Top Level Domain (gTLD) .bank into general availability, promising it will provide a more trusted and secure location for banking services online.

The gTLD is set to become the new home for most of the world’s major banks, managed by a registry owned, operated and governed by banks, insurance companies and their trade associations.

The idea is that consumers will be able to more easily trust communicating online with a .bank entity thanks to the strict registration requirements.

Not only will the suffix signify that it’s a legitimate bank, but all registrants also have to meet enhanced security requirements not seen in other gTLDs. These include verification by Symantec and ongoing monitoring for domain name abuses including phishing, malware distribution and spam from Architelos.

Robert Holmes, general manager of email fraud at anti-fraud business Return Path heralded the launch of .bank as a “significant step for the industry.”

“No other industry has suffered more at the hands of cyber-criminals than the banking sector. In the last year alone, it’s dominated headlines with everything from millions of pounds lost to countless customer data breaches, and as a result trust has fallen to an unprecedented low,” he explained.

This article has been extracted from http://www.infosecurity-magazine.com, please click on this link to read the article in full http://www.infosecurity-magazine.com/news/dot-bank-launches-clamp-down/

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP Recruitment, BI & Data Recruitment, Information Security Recruitment, Enterprise Architecture & Strategy Recruitment , Energy Technology Recruitment, Demand IT and Business Engagement Recruitment, Digital and E-commerce Recruitment, Leadership Talent, Infrastructure and Service Delivery Recruitment, Project and Programme Delivery Recruitment.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

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