Posts Tagged ‘Verisign’

Drastic changes to the domain security methodology

Posted by Acro in Business, Domains on April 23rd, 2010

Today’s domain security status is marked by several issues that affirm the system’s weaknesses – along with the observation that the underlying managing forces do not wish any such change to occur.

Very simple methods of domain security are being neglected or even avoided. Registrars should lock domains by default and make it harder to remove the lock. An experimental layer of domain locking at Registry level should be provisioned with less bureaucratic delay and more regard to the dozens of domains that are being hijacked daily. Very few make it to the news.

There are plenty of reasons why domain names should be treated like real estate titles and their ownership recorded, tracked and secured. It might sound revolutionary and extreme, however I believe that a Registrar should offer the option of a physical, bank-like vault that would give ultimate access to its owner in the event of an account change of ownership.

I exchanged a few emails with domainer and investor George Kirikos who has some interesting suggestions to make, and I quote:

It should be like a land registry, and we should *own* the domain completely (with no expiry), with perhaps an annual fee for the domain resolution aspect (i.e. if the domain name has nameservers, you pay a little each year; but, if you fail to pay that annual fee, you still own the name, it never expires, but it just fails to resolve).
Known for his energetic participation at ICANN discussions, George adds that there is too much at stake for Verisign and ICANN to proceed with such drastic changes. In addition, the Registrars themselves are at risk of losing ‘a piece of the pie’. A lot of expired domains end up being held hostage by the very keepers of domains, who monetize or resell them.

Despite the sheer numbers, it is clear that the end-users, owners, domainers and entrepreneurs involved in the domain industry are currently given a secondary role in ensuring the security of their own assets, property and livelihood.

It would probably take an extreme case that’d make it into the known political circles of Washington, in order for such a drastic change to occur. Until then, keep your domains locked and use only reputable registrars to keep them safe.

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Higher .com/.net fees? Big whoopie!

Posted by Acro in Business, Domains on December 17th, 2009

Today, Verisign announced the increase of their fees for registering/renewing .com/.net domains. Per contract, they are allowed to increase the fees up to 7% annually. No such increase occured in 2009.

My response: big whoopie.

To those domainers among us with no long term memory; there was a time registrations cost $50 per year with a 2 year minimum.

A 50 cent increase in registration/renewal fees means an increase of costs by $50 per 100 domains, $500 per 1,000 domains or $5,000 per 10,000 domains annually.

Renewal fees are qualified business expenses.

Now it’s the time – for those of you that haven’t already done so – to incorporate and take advantage of the benefits of a corporation or an LLC.

At the same time, consider using a CPA professional for doing your taxes as they will assist you with your strategy to maximize expenses and better manage your revenue.

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