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Cybercriminals Are Misappropriating Businesses’ Web Addresses

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Increased hacking of domain names by scraping public directories for information on companies and individuals. A password is hacked or keystrokes detected by diversion to other sites. Once the domain name is stolen, the domain name's users are then transferred to some site in Eastern Europe or Asia. Some small business sites have seen huge sudden drop in users, one with a 80% drop, as a result of this. Result is layoff of employees, loss of revenues, and effort to recover the name. The scam perpetrators hack into the sites, sell information, and try to get ransom for returning the domain name. Small businesses lacking the security are especially vulnerable to new scams.

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