London, UK, May 2, 2017 – DomainTools, the leader in domain name and DNS-based cyber threat intelligence, today released research regarding the plethora of cybersquatters and how they target popular UK banks. DomainTools found 324 registered domains using the trademarked names of five of the UK’s top high street banks. Domains masquerading as legitimate UK bank websites are often used by hackers to trick customers into handing over personal details or login information.
Cybersquatting (also known as domain squatting) is the act of registering a domain name with the purpose of getting monetary benefit from a trademark that belongs to someone else. These domains are often used in phishing email campaigns and various other kinds of scams including pay per click ads (often for competitors’ services), for-profit survey sites and affiliate program abuse, or more nefarious content like ransomware and drive-by download campaigns.
The DomainTools research team analysed domains mimicking Barclays, HSBC, Natwest, Lloyd’s and Standard Chartered using its PhishEye tool. PhishEye allows users to search for existing and new domains that spoof legitimate brand, product, organization, or other names. In total, there were 324 domains identified as high risk that contained the banks’ brand names. Some examples include:
Kyle Wilhoit, senior security researcher at DomainTools said, “Imitation has long been thought to be the sincerest form of flattery, but not when it comes to domains. While domain squatters of the past were mostly trying to profit from the domain itself, these days they’re often sophisticated cybercriminals using the spoofed domain names for more malicious endeavors.”
He explained how there are patterns to be found in these types of domains – “Many will simply add a letter to a brand name, such as Domaintoools.com, while others will add letters or an entire word such as ‘login’ to either side of a brand name. Users should remember to carefully inspect every domain they are clicking on or entering in their browser. Also, ensure you are watching redirects when you are going from site to site.”
“Brands can and should start monitoring for fraudulent domain name registrations and defensively register their own typo variants. It is better to lock down typo domains than to leave them available to someone else and at an average of ￡12 per year per domain, this is a relatively cheap insurance policy.” Wilhoit concluded.
DomainTools offers top tips for consumers to avoid falling foul of a spoof website:
To review the full PhishEye report, and to review tips on how consumers and organizations can protect themselves, visit: http://blog.domaintools.com/2017/05/up-to-your-gills-in-phishing-attacks-this-research-may-help..
DomainTools helps security analysts turn threat data into threat intelligence. We take indicators from your network, including domains and IPs, and connect them with nearly every active domain on the Internet. Those connections inform risk assessments, help profile attackers, guide online fraud investigations, and map cyber activity to attacker infrastructure. Fortune 1000 companies, global government agencies, and leading security solution vendors use the DomainTools platform as a critical ingredient in their threat investigation and mitigation work. Learn more about how to connect the dots on malicious activity at http://www.1081377.com or follow us on Twitter:@domaintools