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March 16, 2015

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

.Com Turns 30! With Top Domains Now Worth a Fortune More Criminals are Trying to Crash the Party

Happy 30th Anniversary .Com! The world's most popular domain extension reached that milestone today (March 15, 2015) - three decades after the first .com domain - Symbolics.com - was registered on March 15, 1985. The special occasion has been highlighted by news reports around the world. CNN.com published a very good article on the history of the first domain including how the current owner, Aron Meystedt, came to acquire it from the Symbolics Corporation  in 2009. 

.Com image from Bigstock

Symbolics.com owner Aron Meystedt

That same year we posted a Cover Story profile of Aron, a veteran domain investor who also currently serves as Director of the Intellectual Property Division at giant mainstream auction house, Heritage Auctions. Shortly after Aron arrived at HA he made them the first major auction house to offer premium domain names as assets alongside traditional high end collectibles like art, coins and jewelry. The company has now  staged several successful live domain auctions, the most recent being just last month at the Waldorf Astoria Hotel in New York City.

While Meystedt has done some development work on Symbolics.com to generate a revenue stream from the steady flow of traffic, his responsibilities at HA have prevented him from devoting a lot of time to it. Still, he told CNN he doesn't expect to sell his unique piece of internet history. 

.Com has come a long way in the last 30 years. You could originally register .com domains free of charge. Today it is not uncommon for top domains in the extension to sell for hundreds of thousands or even millions of dollars. Unfortunately, those increased values have caught the attention of criminals who attempt to hijack domains or the valuable traffic that goes to ones that have been developed into popular business websites. The Wall Street Journal ran a very informative piece by Ruth Simon on that issue this past week titled Cybercriminals Are Misappropriating Businesses’ Web Addresses

I was among those interviewed for the article, as were Internet Commerce Association Legal Counsel Phil Corwin, domain attorneys Stevan Lieberman, Enrico Schaefer and David Weslow, and ICANN's Gwen Carlson. This is a piece you need to read to see some of the latest tactics being used by cyber-thieves and what you can do to protect yourself.

ICA Legal Counsel Phil Corwin and several other domain industry figures were interviewed for a new Wall Street Journal story on theft of traffic to popular domains. 

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(Posted March 15, 2015) To refer others to the post above only you can use this URL: http://www.dnjournal.com/archive/lowdown/2015/dailyposts/20150315.htm


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