Responding to Mikko Hyppönen’s recent article in Foreign Policy, Lindqvist strongly disagrees with the proposition that a .bank, or similar, gTLD would reduce online financial institution fraud. Reasons given against are the proposed $50,000 fee for a domain would be too high for those in developing countries and to compile a list of the world’s eligible financial institutions extremely difficult. And if a domain was registered under such a gTLD by criminals, it would be invaluable to them. Lindqvist concludes he thinks “the proposal is trying to reach higher end-user confidence levels through security obfuscation. This will work until the registry gets compromised (and it will), and then the effects are much worse and far reaching.”http://www.circleid.com/posts/tld_registry_security_financial_institution/
Security Through Obscurity as an Institution by Kurtis Lindqvist
Responding to Mikko Hyppönen’s recent article in Foreign Policy, Lindqvist strongly disagrees with the proposition that a .bank, or similar, gTLD would reduce online financial institution fraud. Reasons given against are the proposed $50,000 fee for a domain would be too high for those in developing countries and to compile a list of the world’s eligible financial institutions extremely difficult. And if a domain was registered under such a gTLD by criminals, it would be invaluable to them. Lindqvist concludes he thinks “the proposal is trying to reach higher end-user confidence levels through security obfuscation. This will work until the registry gets compromised (and it will), and then the effects are much worse and far reaching.”