Analysis indicates 14,000 newly registered cyber-squatted domains in a single month finds 55% to be malicious or potentially fraudulent.
In a report released earlier this month, Palo Alto Networks collected information on newly registered domains in December 2019, and found 13,857 domains classified by its software as cyber-squatting based on lexical analysis. Large companies that have a strong online presence such as Apple and PayPal, and banks, are being targeted and taken advantage of during the pandemic.
Cyber-squatting is the practice of registering names, especially well-known company or brand names, as internet domains, in the hopes of reselling them at a profit. The report indicates that Cyber-squatted domains resembling Apple.com, for example, led to malicious content more than 70% of the time. Click here to read more on the report.
Prevent This From Happening to YOU!
There are a few steps, including practicing safe internet use, users can take to reduce the risk of becoming a victim. Companies can block and closely monitor internet traffic from suspicious domains, while employees should make sure they type domain names correctly and double check that the domain owners are trusted before going on any site. To find more tips on how to protect against cyber-attacks when working from home during COVID-19, click here.
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