Diatribe Tic

“Based on his experience, Ren says the the domain name registry system is flawed and it needs a system to freeze a domain transfer and revert the domain to its pre-transfer state, immediately after a transfer dispute is submitted, pending further investigation. Ren makes a comparison to the online banking industry. If someone steals you financial account, you have more recourse and security since further verification steps are typically required. But even though your website might be your most business important asset, you don’t have the same protection from your domain host, and there ought to be better procedures and recourse in place to prevent this from happening. Until that happens, criminals will still be out there taking advantage of the situation and prying on unsuspecting website owners.”