FORBES GLOBAL 2000 COMPANIES LEAVING THEMSELVES VULNERABLE TO FRAUD AND PHISHING ATTACKS!
Shocking new report reveals that many of the world’s biggest companies are neglecting their domain security, leaving themselves open to phishing scams, fraud, and brand infringement.
The report, conducted by domain registrar CSC, found that a staggering 47% of the Forbes Global 2000 do not control their .AI domain names. That means these companies are at the mercy of third parties who have registered their domain names. And it gets worse – 49% of .AI domains for the Forbes Global 2000 remain unregistered, leaving them vulnerable to fraudsters looking to exploit their brands.
But it doesn’t stop there. Cybercriminals are capitalizing on trusted brands by creating fraudulent .AI domain extensions to mislead internet users. This problem has seen a shocking 350% increase in domain dispute cases involving .AI extensions in 2023, as companies realize that their brand .AI domains have been misappropriated by third parties.
According to the report, a staggering 79% of all lookalike domains are owned by third parties. This is a dangerous trend as malicious actors continue to use lookalike domains to launch phishing attacks and other forms of digital brand abuse. It’s no wonder that 112 of the world’s largest companies have a domain security score of zero, putting them at the highest risk of domain security threats.
But it’s not all bad news. The report found that DMARC adoption has grown by 6% in 2023 and has risen by 28% since 2020. DMARC, an email authentication protocol, helps protect domain owners from email spoofing and phishing scams. This is a positive step in the right direction to prevent fraudulent activities.
Additionally, more companies are now using registry locks with enterprise-class registrars, which mitigates the risk of human error and unauthorized modifications or deletions of domain names.
Mark Calandra, president of CSC’s Digital Brand Services division, highlighted the need for companies to take proactive measures to protect their domains beyond basic efforts.
With the rapid rise of AI, it’s more important than ever for businesses to prioritize domain security. So, the question is: Do you think companies should do more to protect their domain names from fraudsters and phishing attacks? Comment below and let us know your thoughts!
*Image source: CSC*
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