The New .BANK Domain and Security

The growing concerns of identity theft and phishing attacks are enough to make customers second-guess how they communicate with their banks.

 

Beginning this month financial institutions can obtain a new .BANK web domain which will be the new recognized standard for growth and security in the financial services industry. Directed by banking and leading security experts including Symantec, this trusted location will build a solid foundation on which banks can securely and effectively communicate with its customers, stakeholders and regulators.

Acquiring a .BANK web address will ensure a trusted, meet advanced security requirements, and only verified members of the banking industry can have verified and more secure location for bank’s online banking services. All .BANK websites will a .BANK domain.

 

The new domain will have a higher level of security than non-financial domains and adhere to enhanced security requirements developed by the ABA and its partners in fTLD Registry Services. A link to the security requirements can be found here: https://www.ftld.com/WP/wp-content/uploads/2014/12/fTLD-Security-Requirements-20141217.pdf

 

In addition to stricter requirements for registration, the new domain will help prevent users from being redirected to fictitious bank websites, make it more difficult for criminals to create spoofed emails from a .BANK website and provide a higher level of encryption during the online banking process. These features will hopefully enhance customer trust in the midst of increasing cybersecurity threats.