F-Secure Proposes .safe Domain Name

According to F-Secure, ICANN (Internet Corporation for Assigned Names and Numbers), the organisation responsible for the global coordination of the Internet"s system of unique identifiers, should introduce a .safe domain name to be used by registered banks and other financial organisations.

If ICANN introduced a .safe domain (or .sure or .bank), which could only be used by registered financial institutions, it would allow security providers to create better software to protect the public, according to F-Secure. It would be similar to other top level domain names such as .uk and .gov.

“While a .safe domain name won"t prevent phishing attacks, it will help banks and security providers to keep their customers safe,” said Patrik Runald, senior security specialist, F-Secure. “It"s true this will mean banks have to pay a premium to be able to use the domain name, but it will reduce the number of successful phishing sites that have been tricking many customers out of their hard earned cash,” Runald continued.

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“ICANN has the power to create a safer online banking world, by introducing a top level domain name for banks and other reliable financial institutions. .safe would give the millions of online customers the reassurance they need that banking via the Internet is safe,” concluded Runald.