Users on the internet rely on domain names to find brands, services, professionals and personal websites. Cybercriminals take advantage of the essential role that domain names play on the internet by registering names that appear related to existing domains or brands, with the intent of profiting from user mistakes. This is known as cybersquatting. The purpose of squatting domains is to confuse users into believing that the targeted brands (such as Netflix) own these domain names (such as netflix-payments[.]com) or to profit from users’ typing mistakes (such as whatsalpp[.]com for WhatsApp). While cybersquatting is not always malicious toward users, it is illegal in the U.S.,[1] and squatting domains are often used or repurposed for attacks.
The Palo Alto Networks squatting detector system discovered that 13,857 squatting domains were registered in December 2019, an average of 450 per day. We found that 2,595 (18.59%) squatted domain names are malicious, often distributing malware or conducting phishing attacks, and 5,104 (36.57%) squatting domains we studied present a high risk to users visiting them, meaning they have evidence of association with malicious URLs within the domain or are utilizing bulletproof hosting.
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Source: Palo Alto