Can banks elude online sharks?

Can banks elude online sharks?
This article in The Guardian looks at phishing and the ease in which criminals can buy and/or register domain names that to the consumer will look like a legitimate domain name with logos copied from the companies website. Mikko Hypponen from F-Secure says that TLDs such as “.com, .net and .uk are already a lost cause. We can’t fix those any more.” One way to fix this is to have a TLD such as .bank or .secure, something supported by Hypponen, and to have stringent background checks for organisations wanting to register in one of these TLDs. The article says Paul Twomey has invited the financial sector to make its case. For now though it’s up to the banks to protect themselves and check for illegitimate domains, something Barclays among many others does now.
http://technology.guardian.co.uk/weekly/story/0,,1965235,00.html

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