EBA Says .bank, .fin Web Domains Pose Risk

By  |  February 28, 2012
 | 

The European Banking Authority (EBA) reached out to the Internet Corporation for Assigned Names and Numbers (ICANN) this week to speak out against a few risky web domain suffixes.

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    Suffixes like “.bank” and “.fin” are ripe for fraud, the EBA argues.

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    “The potential for consumers of financial services to over-rely on what might be perceived as ‘regulatory endorsement’ of the companies operating under such TLDs is immense, and the risk for new types of fraud and ‘phishing’ can be enormous,” the EBA wrote in a letter quoted by Finextra.

    The EBA has asked ICANN to remove those domain suffixes from its larger pool of so-called generic top-level domains.


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