Businesses beware. Scammers in Asia aretrying to trick you into paying a premium for your website domain names. Don’tfall for these scare tactics.
How the Scam Works:
You receive an email addressed to theowner of your company. It appears to be from an Asian domain registrationservice. The email says that a third party company has requested to registeryour business’s brand name as a website domain in China or elsewhere in Asia.
According to the email, the “domainregistrar” realized your company owns that brand name. And they decided to doyou a favor and offer to register the domain for you instead of this othercompany.
The catch? There is no competingbusiness, and the price to purchase the domain is much higher than you wouldpay elsewhere. Often, the email sender isn’t even an actual domain registrationbusiness. He/she simply purchases the domain elsewhere for a few dollars andimmediately sells it back to the victim for an inflated price.
Tips for Avoiding Domain Name Scams:
Many businesses take a “buy it andforget it” approach to their website domain names, and scammers love to prey onthat lack of knowledge. Here’s a few tips for better managing this part of yourbusiness.
To stay up to date on scam tips, information and to report scams, visitBBB’s Scam Source.