Growing e-commerce industry attracts cybersquatting to India
Advertisement
Advertisement
Cybersquatting is the term used for registering domain names of known brands and entities with the intent to profit from their goodwill. With the growing e-commerce space in India, this illegal practice has also found its way into the country and is becoming a problem for cyber security.In the last 10 years, India's domain name regulator has transferred more than 700 web addresses that end with ‘.in’ and ‘.co.in’, which were done from illegal registrars; the transfers have been done to major companies including Pepsi, Morgan Stanley, Walmart, McDonalds, Amazon, Flipkart and Skype.
"The number (of companies lodging complaints of cybersquatting) is steadily increasing as we receive 7-8 cases a month," RR Krishnaa, legal officer for National InternExchange of India (NIXI), told ET. NIXI is an autonomous regulator for domain names in the country, and has received more than 20 such complaints between December 15 and January 15, as per Krishnaa.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
"About 95% of such cases are transferred to the complainant through arbitration and some might get dismissed and some might go to the courts," Krishnaa continued.
It was in 2004 that the Indian government had authorised NIXI to operate and manage the ‘.in’ registry in the country. It also acts as a dispute reversal agency for ‘.in’ and ‘.co.in’ domain suffixes according to India's .In Dispute Resolution Policy (INDRP).
Advertisement
Image source
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore