Posted by & filed under Cyber Security, E-Business, E-Commerce, IT Trends, Phishing.

ICANN, the group that monitors Web addresses, voted Monday in Singapore to expand domain-name ending options.

Discussion: ICANN, which stands for the Internet Corporation for Assigned Names and Numbers, is the nonprofit group that assigns addresses to Internet service providers.  They have recently announced that they will now be taking applications so that private companies and governments can purchase their own domain endings.  Right now there are only 22 domains, including endings like .com, .net, .org, and .edu.  The advantage to businesses is branding (having a domain may lend a sense of legitimacy on the web), while also cutting down on phishing and other online scam attempts.

Source: CNN News

Date: June 20, 2011


Question for discussion:

*Does it make you feel more secure if you are purchasing online products from a .businessname domain name versus a .com?  Is it actually more secure?

*Besides generating more revenue for their nonprofit business ventures, why is ICANN now accepting applications for new domain endings?

*Where is the revenue generated from the new domain endings going (ICANN will be charging a minimum of $185,000 per application)?

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