Running an Internet domain is a little like generating nuclear power: do it right, and you safely provide an important resource to a grateful community; do it wrong, and…well, let’s just say you don’t want to do it wrong.
That may explain why business leaders are so concerned about the latest iteration of ICANN’s plan to create potentially hundreds of new Internet domains.
I did my best to highlight those concerns when I spoke before the ICANN Board at the public forum here in Mexico City Thursday. Operators of new top-level domains will have a leading role in protecting consumers from fraud and phishing scams. In addition they must prevent abusive registrations intended to extort money out of brand owners. Defending against so-called “cybersquatting” already costs companies millions of dollars annually. The introduction of an unprecedented number of domains could increase those costs exponentially, if it isn’t handled carefully. Read more