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How Has Cybersquatting Changed?īefore the internet was popular, one of the most profitable cybersquatting methods was to buy domain names associated with popular legacy brands that have not yet set up a web presence.
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Due to the cheap price of domain registration for most TLDs, cybersquatting can be incredibly profitable.
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Phishing: Malicious sites are developed to look exactly like popular websites in order to gain access to personal data, login credentials, or user emails.Ĭybersquatting is another form of domain squatting where a person buys a domain name associated with a popular brand with the aim of selling it to the brand owner at maximum profit.ĭue to the cyber risk of typosquatted domains and potential revenue loss, many companies are willing to pay a lot of money for "fake" URLs to prevent misuse and to drive additional traffic to their website.
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Install malware: The malicious website installs malware or adware on the devices of visitors.
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Monetize traffic: Fake website owners put up advertisements or popups to generate advertising revenue from webpage visitors.Surveys and giveaways: The dummy website presents visitors with a feedback form or a survey armed to steal sensitive information.Related search results listing: Owner uses traffic that was meant for the real site to drive traffic to competitors, charging them on a cost-per-click basis.Joke site: The site makes fun of the trademark or brand name.Imitators: The scam website mirrors the identity of the victim website to perform a phishing attack.Domain parking: The typosquatted domain owner attempts to sell the domain to the victim at a heightened price.Bait and switch: The fake website sells you something you would like to purchase at the correct URL, but doesn't send you the item.Popular uses of typosquatted domains include: These cybercriminals develop malicious websites that could try to install malware, install ransomware (such as WannaCry), steal credit card numbers, phish personal information. Not all typosquatting efforts are motivated by cybercrime, but many owners of typosquatted domains do act in bad faith. The prevalence of Typosquatting has grown to the point of forcing large companies like Apple, Google, Facebook, and Microsoft to either register typographical error variations of their domain or block potential typosquatting domains through The Internet Corporation for Assigned Names and Numbers ( ICANN) service.