Will Banks Prevail over phishing?
Phishing scammers may soon have a tough time trying to use false addresses to forge money out of innocent customers. Big banks such as American Express, CitiBank, Bank of America have spent over 3.3 million dollars in hopes of making domains that end with unmistakable signs. For example Citi bank will end in dot-citi and Bank of America will end in dot.boa. Although, these endings may cost a pretty penny, $185,000 to be exact, they hope they will help online money theft. In comparison the cost is low because online phishing is a 2.5 Billion dollar industry. To read further on this topic click here.