European Banking Federation: Online Work Session about Bank-Domain

Bank-Domains make Online Banking more secure....
(PresseBox) ( Koeln, )
The registry of .bank and the European Banking Federation (EBF) will on May 27th at 15:00 CET co-host the online work session: The Cybersecurity & Digital Banking Benefits of .BANK.

You are welcome to participate at this online event.

In the past months, more than 2,500 US-banks have registered almost 3,000 Bank-Domains – that’s almost half of the banks in the country.

Their reasoning? The Bank-Domain, available exclusively for verified members of the global banking community, is the trusted, verified, and more secure option to support their online presence. The Bank-Domain is incorporating robust security measures such as mandatory verification, email authentication, and strong encryption.

Experts are sure about this: the new bank domain - officially supported by the American Bankers Association - will revolutionize the electronic banking and online business of banks worldwide.

Even the registration process of bank domains is secured thanks to more verification steps. Only banks that are authorized and controlled by the responsible supervisory authority are entitled to register bank domains.

The security experts of the registry examine each candidate for a bank domain. ICANN Registrar Secura as Registrar will, of course, help and accompany its customers during the implementation of all steps of the registration and verification processes.

The choice of possible terms that a bank can use to register a bank domain is regulated by a strict "Name Policy". Possible are terms that correspond to the name of the bank and to registered or unregistered trademarks in use in the banking institution.

However, the rules also allow abbreviations ("Acronyms"), geographical additions and omissions. The geographical additions allow that in addition to the central (brand) name of a bank, also branches can be "branded" geographically with their own bank domain.

In addition to verifying the domain owner, high technical standards are required for active bank domains, in order to render bank domains a safe zone.

The operator and the users of a website with a bank address can rely on a higher security than users of sites with other domain extensions. Scams like phishing become very hard if the bank is using a .bank domain.

Hans-Peter Oswald
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