News

.BANK sees growth among FIs large and small

August 4, 2016

Bank websites are often the targets of cyberattacks, but an industry-led consortium of major banking associations has created a secure extension reserved exclusively for banks, designated .BANK, according to a company press release. Renewal rates increased to 88 percent just a year after its release and over 40 percent of all U.S. banks have implemented the software.

William Kahl, VP and compliance officer of Choice Bank, describes the strengths the company found in switching to WWW.CHOICE.BANK.  "It's all about security," he said in the report. "The .BANK domain prevents cybersquatters and protects our domain name, blocks older and less secure technology from accessing our website, and minimizes potential phishing attacks on our customers."

Joshua Rowland, vice chairman of Lead Bank, also sung .BANK's praises in the report.

"When you're talking about small banks with seriously limited tech budgets — when you can make an improvement at the core of your operations with your clients—that is the easiest budgetary decision you can make."