Preventing Bank Phishing with a Dot

An interesting idea [via Slashdot ].

Hypponen thinks banks should have exclusive use of a new top-level domain: .bank. ‘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.

Banking is definitely a sector in which age and experience go a long way. The problem is how to define what makes a bank legitimate (especially internationally) – and what happens if someone gets a hold of a .bank domain name.

Let’s hope that people don’t confuse .bank with /bank – though most current browsers are getting better at this sort of thing.