23 February 2017
Visit dh.com

Third party hijackers seek out new bank domain names

02 May 2014  |  5179 views  |  0 web HTTP

UK banks are being warned that they could be exposed to intellectual property infringement as third parties bid to take advantage of hundreds of new Web extensions that go live this year.

A host of domain names are set to go live over the next few months, providing an opportunity for unscrupulous types, says the Trademark Clearinghouse.

Its data shows that third parties are already seeking many domain names relating to some of Britain's most valued banking brands, including Barclays, Lloyds Bank, NatWest and HSBC. In fact, 78 per cent of these brands have already been pre-reserved under the .Web, .Online, .Shop, .Blog and .App domain names.

The scale of the potential problem is highlighted by the fact that every financial services company looked at by the Trademark Clearinghouse has already needed to take action against third parties infringing on their IP online, via Icann's Uniform Domain Name Dispute Resolution Process.

Jonathan Robinson, strategic consultant, Trademark Clearinghouse, says: "Although the new gTLD programme is set to enhance competition, innovation, and consumer choice on the Internet, our research reiterates that the only universal way businesses can proactively protect their IP is to place their brands into the Trademark Clearinghouse.

"Failing to do so means businesses may be confronted by cybersquatters trying to capitalise on the traffic and illegitimate opportunities a branded website will generate. This potentially compromises the reputation of each brand targeted."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Clydesdale and Yorkshire Bank site outage down to failure to renew domain name

Clydesdale and Yorkshire Bank site outage down to failure to renew domain name

31 July 2013  |  5551 views  |  1 comments | 2 tweets | 1 linkedin
ABA applies for .bank domain to frustrate phishers

ABA applies for .bank domain to frustrate phishers

26 June 2012  |  7592 views  |  1 comments
European Banking Authority hits out at .bank domain plans

European Banking Authority hits out at .bank domain plans

28 February 2012  |  8276 views  |  1 comments
The WikiLeaks strategy: Bank of America buys up abusive domain names

The WikiLeaks strategy: Bank of America buys up abusive domain names

22 December 2010  |  125479 views  |  0 comments
BofA wins cybersquatting judgement

BofA wins cybersquatting judgement

18 February 2010  |  6434 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Visit Yelloco.co.uk visit dh.com

Top topics

Most viewed Most shared
IBM and Visa join forces to turn billions of connected devices into points of saleIBM and Visa join forces to turn billions...
19091 views 11 comments | 56 tweets | 92 linkedin
hands typing furiouslyBlockchain Technology
11370 views 1 | 11 tweets | 4 linkedin
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
10331 views comments | 49 tweets | 67 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
7717 views comments | 37 tweets | 33 linkedin
Standard Chartered connects corporate customers to WeChatStandard Chartered connects corporate cust...
6121 views comments | 17 tweets | 19 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job