Domain registrations relating to dogecoin - or some semblance of the cryptocurrency's name - jumped 744% from January to May, according to data from cybersecurity firm BrandShield.
In January 2021, only 143 domains were tagged as suspicious registrations compared to the 1,207 in May. Just 25 registrations were identified in December 2020, a year before the joke crypto token began its astounding surge.
Domain registration is the process in which a person or a company "reserves" a name on the internet for a specific timeframe.
The suspicious domains that contain the word "dogecoin" tracked by the company are usually used for phishing scams or other kinds of fraudulent online activity, Yoav Keren, BrandShield co-founder and CEO told Insider.
While bitcoin has more suspicious domain registrations at 1,764 as of May 2021, registrations for the world's largest cryptocurrency by market capitalization actually slipped by 60% from the 4,308 in January.
Ether also saw a similar downward trend, with 286 suspicious domain registrations in May 2021, an 11% decline from the 323 in January.
read more (businessinsider)
In January 2021, only 143 domains were tagged as suspicious registrations compared to the 1,207 in May. Just 25 registrations were identified in December 2020, a year before the joke crypto token began its astounding surge.
Domain registration is the process in which a person or a company "reserves" a name on the internet for a specific timeframe.
The suspicious domains that contain the word "dogecoin" tracked by the company are usually used for phishing scams or other kinds of fraudulent online activity, Yoav Keren, BrandShield co-founder and CEO told Insider.
While bitcoin has more suspicious domain registrations at 1,764 as of May 2021, registrations for the world's largest cryptocurrency by market capitalization actually slipped by 60% from the 4,308 in January.
Ether also saw a similar downward trend, with 286 suspicious domain registrations in May 2021, an 11% decline from the 323 in January.
read more (businessinsider)
