Domain Theft is a crime that is hard for a police officer to understand and equally as hard to doing anything about. This high tech crime can span international boundaries and go undetected until months after it has happened. By the time the victim realizes it the real thief is no where to be found. The new owner of the domain name may have thought they were getting a really good deal but will soon understand why the price was so low. The thief steals the domain and prices the domain low enough so that any domainer that understands the value of that domain would appear stupid if they didn’t buy the domain at that price.

High profile domains are being stolen and offered on the blackmarket today. The thief is trying to sell them for $300,000 and turn a quick buck.

To avoid having your domains stolen, make sure your name and all your contact information is correct on your whois record. Unless you own your own registrar you are in danger.

This entry was posted on Wednesday, September 5th, 2007 at 2:18 pm and is filed under Domains. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.