- Article
Gray Market: The Rise of Luxury Goods
The luxury gray market of authentic goods is growing fast thanks to steep discounts. It’s a lucrative practice, yet original brands don’t usually take part in the game....
Summary
Establishing a strong online presence is crucial for businesses across all industries. As brands increasingly rely on online channels, the risks associated with the unauthorized use of their name and trademarks grow, and domain brand protection becomes essential. However, effective protection can no longer be carried out manually, and companies require technology and expertise to help them protect their domains at scale.
Wiser Market’s solutions give brands a complete suite of domain brand protection services that combat threats and drive growth.
According to a study by the European Commission, Domain Name System (DNS) Abuse has been a serious issue for years. Another study recorded a significant increase in cybersquatting cases and various methods used to deceive users.
Here, we explore domain brand protection, what brand protection services include, and their importance in safeguarding businesses against online threats, such as cybersquatting, trademark infringement, and brand dilution.
Domain brand protection refers to strategies and services designed to safeguard assets like domain names and trademarks.
Domain brand protection services include proactive measures to prevent unauthorized use of intellectual property assets and secure brand growth and reputation.
The most common brand infringements addressed by domain brand protection services include types of domain name abuse, such as cybersquatting and typosquatting, and domain-related intellectual property abuse, like brand impersonation, trademark infringement, and counterfeiting.
To better understand the value of domain online protection, let’s review the key threats to brands:
Cybersquatting
Also known as domain squatting, it is in fact a type of impersonation in that it involves a third-party registration or use, in bad faith, of domain names that closely resemble another company’s brand name, trademark, or distinctive mark.
It’s crucial that brands devise a strategy for coping with cybersquatting, starting with purchasing variations of their domain name and TLDs. For example, the Wiser company owns wiser.com and may decide it is beneficial to also get wiser.net or wiser-us.com to prevent cybersquatting.
Typosquatting
Typosquatting refers to a malicious third-party purchasing domain names that are one typo away from a genuine brand name. For instance, “amaz0n.com” instead of “amazon.com”.
When customers make an innocent mistake, they reach a lookalike website, username, account, or app complete with the original brand name, logo, branding, and email addresses. Thinking that they are engaging with an authentic brand, users may unknowingly purchase counterfeit products and disclose sensitive financial information.
Brand Impersonation
Online brand impersonation occurs when an unauthorized third party misleads consumers to believe it is a legitimate brand. In order to impersonate a brand, malicious actors create replicas such as lookalike websites, fraudulent social media accounts, and app impersonation. Impersonation has become more common as technology makes it so much easier to accomplish.
When scammers impersonate a brand with a fake website or email domain used to deceive users into thinking they are interacting with a legitimate brand, they attack both consumers and brands with malicious intent.
This attack, called Domain Phishing, is about financial gain. Cybercriminals impersonate a brand to trick users into entering a fake domain. Once they divert traffic from the original brand, these bad actors can create fake product pages and sell counterfeit or gray-market goods to unsuspecting consumers. Sometimes they offer goods for sale and collect payments but never send the purchased items. But that’s not all. Scammers also make money by tricking customers into sharing sensitive data, such as credit card information, which they can exploit.
Trademark Infringement
Trademarks protect the unique identity of a business. They are the best way to create recognition and enable customers to identify the source of the goods or services. Therefore, when an unauthorized third party exploits your trademark in its domain name, website, listing, or any other way, it constitutes trademark infringement.
A form of trademark infringement, trademark squatting occurs when someone other than the original brand owner obtains a trademark relating to the brand to make a profit, such as by creating an impersonating domain with the related trademark to take advantage of the brand’s name and reputation.
Counterfeiting
A form of trademark infringement, counterfeits are imitations of the authentic product. Digital channels offer a dizzying array of counterfeit products, from pharmaceuticals and pesticides to food, toys, automotive parts, and sneakers.
Illegal domains often offer fakes that confuse and mislead consumers. In other cases, they cater to customers that look to buy a lookalike for cheaper, making them easier to find by exploiting the domain name system.
Risks of Ignoring Domain Brand Protection
Failing to prioritize domain brand protection can expose businesses to risks. Cybersquatting, for example, can divert traffic to unauthorized websites, resulting in lost sales. When customers end up with fake products, often of subpar quality and no customer service, it damages consumer trust, brand loyalty, and reputation.
Don’t let others free-ride on your brand name and success.
Here are some of the main benefits of domain brand protection services:
In an interconnected digital landscape, domain brand protection services are essential for businesses looking to safeguard their brand names, trademarks, listings, and other online assets. Yet the benefits of domain brand protection services extend beyond domain protection to encompass financial results, customer trust, and brand reputation.
By proactively acquiring, managing, and monitoring domain names and enforcing intellectual property rights online, brand protection services like Wiser Market play a vital role in protecting businesses in the digital world. As Wiser Market counters online threats and protects your intellectual property assets, it helps to secure your online presence, maintain a competitive edge and ensure long-term success in today’s dynamic business landscape.
Wiser Market’s superb brand protection services, from detection and analysis to takedown actions, result in over a 90% success rate.
When we talk about the Internet, a domain name refers to the combination of characters used to identify the location of a website. Practically, domain names are what we type to search for a website.
Every domain name is unique, making it possible for a device to locate and open a web page online through a web address or URL (Uniform Resource Locator).
An example is the URL https://wisermarket.com used for the Wiser Market website.
Domain Name System (DNS) abuse refers to any activity that uses domain names or the DNS protocol to carry out malicious or illegal activity.
A top-level domain is the domain suffix. For example, when visiting wisermarket.com, “.com” is Wiser Market’s TLD. Some of the original TLDs include .com, .gov, .org, .net, and .edu.
Scammers who register a brand’s name with a different TLD engage in domain name abuse. Domain brand protection services help stop them.
If you find that an unauthorized party impersonates your domain, you should be proactive and work to eliminate it:
Digital brand protection services counter online threats and protect your intellectual property assets. Online brand protection safeguards your brand revenue, profitability, reputation, customer service, and brand trust.
Online brand protection combats brand infringements. The services include search, analysis, and enforcement of the intellectual property rights of businesses of all sizes.
Whether you wish to protect your domain name, fight counterfeiting, prevent brand infringements, or combat gray market selling and knockoffs, try Wiser Market’s online brand protection services.
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