Investment firm BlackRock has taken legal action against the owners of 44 internet domain names that it claims are using its name for fraudulent purposes. The company alleges that these domains, which include keywords such as ‘Blackrock’, ‘Aladdin’, ‘capital’, ‘crypto’, and ‘investments’, were registered in bad faith to deceive consumers and redirect traffic through tactics like pay-per-click ads, malware, and phishing attacks. BlackRock’s lawyers argue that studies have shown that the majority of popular websites are subject to ‘typosquatting’, where domains are registered with typographical errors of legitimate sites. The asset manager is seeking control of the domains, damages, and injunctions against further infringement. Copycat domain names are often used to promote scams or distribute malware, with victims having lost millions of dollars to fake websites advertised on platforms like Google.
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North America |
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Wiley Rein LLP, Google, BlackRock, Facebook |
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