The finance industry is at risk from cybersquatters because companies in the sector are failing to register their brand names on the internet, according to new research.
The financial sector has only a 39% registration rate for company names within all top-level domains, a survey by domain name registrar, Speednames reveals.
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Although most companies register their name under the .com domain, they are failing to protect their brands in the country code domains, particularly in central Europe.
Manufacturing companies, alongside the finance sector are among the worst at registering their domain names while IT, Telecoms and the pharmacuetical industry are among the best.
Companies should register all their corporate domain names, along with key brands and trade marks within all the top level domains, including ,com, .net, .org and in all country code top level domains, said Speednames.