The rapid shift of brands towards online platforms and ecommerce portals, has opened the gates for cyber threats like Phishing, Cybersquatting and Typosquatting. In fact, every entity with an online presence today, feels burdened by the fear of compromising their brand reputation, in the face of these ubiquitous cyber threats.
While the term phishing keeps making rounds in the cybersecurity world, the terms cybersquatting and typosquatting are pretty less heard off. However, their impacts are equally destructive.
What is Cybersquatting?
Cybersquatting is basically a practice of buying and using a domain name, similar to the original brand domain name, with the intent to mine on the goodwill of a well-known trademark. While the opportunities for cybersquatters is diminishing nowadays, with enterprises becoming more conscious and alert about similar looking fraudulent websites, the threat is not completely dead yet.
Ways to identify cybersquatting
What is Typosquatting?
Typosquatting or URL hijacking as it is mostly known, is also a form of cybersquatting. This practice targets users who mistakenly type incorrect web address while browsing and are automatically led to a malicious website. Surprisingly, the look and feel of this malicious website is so closely similar to the original website that most often users fail to realize that they have landed on the wrong website.
Typosquatting is mostly used for creating websites that are intended to steal your credentials and other personal information. Quite often, it is also used to sell services and products at a price that is competitive to the price on the website you actually intended to visit.
Ways to identify typosquatting
In short, while hackers are bound to come up with new ways and means of cyber-attacks, a little carefulness on your behalf can save you from becoming an easy victim of such phishing attacks.