The term known as cyber-squatting is where hackers use the branding and information of website to look like they are the real thing and is something that all of us have most certainly come across at some point in our lives when looking at email, in fact, probably quite regularly!

In a recent report by DomainTools it highlighted the concerning facts of over 324 fake websites which were discovered using the cyber-squatting method to be mainly associated with the top 5 UK banks. The researchers found that 110 fake HSBC websites. 74 fake Barclays and Standard Charted websites, 66 fake Natwest and 22 fake Lloyds Bank were known to be in existence.

How to recognise Cyber-squatting!

Often predatory hackers use emails which look very authentic as though have been sent direct from the bank in order to lure customers into logging in and entering their personal data, so that they may use the information for their own gain.

The main method in determining cyber-squatting is if an email from your bank is legitimate, is to first look at the ‘from’ information in the domain name. If the domain displays extra letters, dashes, reversed letters or includes extra words, then the message is clear, just delete! Using the same graphics as the bank for who they are representing, hackers can quickly and concisely re-create an email which appears to come from the bank and that looks like the real thing.

Is your business concerned about cyber-squatting, data protection and the well-being of your staff and customers when using IT equipment? Data can be infiltrated in many ways by hackers and there is no single method which will protect all. If you are accessing or circulating data within your business then you will need to adhere to UK data protection legislation. To find out if your company is operating with the UK guidelines then please contact out data protection team to find out how our data protection insurance policies could help your industry.

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