ABA, the financial services roundtable apply for control of dot-bank and dot-insurance domain names.

• Position: ABA RESOURCES - Brief article

ABA AND THE FINANCIAL SERVICES ROUNDTABLE have applied to the Internet Corporation for Assigned Names and Numbers (ICANN) to operate two generic Top Level Domains (gTLDs), dot-bank (.bank) and do-tinsurance (.insurance), on behalf of the financial services industry.

"The industry has applied for dot-bank and dot-insurance to provide the highest security for the millions of customers conducting banking and insurance activities online and to ensure the safety and soundness of the industry" says Craig Schwartz, head of operations for the ABA and Roundtable effort.

The industry's goals are to provide unparalleled online security and to safeguard consumers against impostor websites, thereby reducing malicious behavior and fraud. The new dot-bank and dot-insurance domains will adhere to the 31 security standards the Roundtable and ABA submitted to ICANN in December 2011, with the request that any new financially oriented...