Financial Business Update: Top Financial Firms Buy Dot-SUFFIXES

Top financial companies are purchasing new Internet domain suffixes as a part of their endeavors to block ‘pfishing’ attempts from obtaining confidential information with bogus, authentic-appearing websites. Examples of the new suffixes include dot-bofa (NYSE:BAC), dot-citi (NYSE:C), and dot-barclays (NYSE:BCS), while JPMorgan Chase & Co. (NYSE:JPM) and American Express Company (NYSE:AXP) are buying addresses as well. It has been estimated that cybercrime cost the financial sector some $2.5 billion in 2011.

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