In an age of increasing focus and scrutiny on cyber security, personal information security and overall information technology security within the financial institutions industry, any measure that can provide assurance to an institution’s customer is priceless. The new wave is a move from the dot.com domains to dot.bank domains to provide for better security measures, increased customer service, improved marketability and a move from the crowded dot.com domains of the internet. Many U.S. institutions have applied for new domain names that end in dot.bank and fiscal year 2016 is expected to be the year of implementation. For more information or assistance please contact James Dowling, Management and member of Marcum’s Financial Institutions Services Group.
See attached article about one Bank’s switch to the dot.bank website domain written by Bryan Horwath at Bloomberg for more information.