Understanding the Security Implications of Cybersquatting in the Banking Industry Following SVB
Financial Group's Lawsuit Cybersquatting is a practice that involves registering domain names that are similar or identical to existing trademarks or brand names with the intention of profiting from the confusion that may arise among internet users. This practice has become increasingly common in recent years, particularly in the banking industry, where cybercriminals seek to exploit the trust that customers place in financial institutions. One recent case that highlights the security implications of cybersquatting in the banking industry is the lawsuit filed by SVB Financial Group against a group of