Typosquatting, is a term given to a person, or company, that buys a URL that is very similar to that of a legitimate website.
People that buy Typo URLS are doing it for a couple of reasons, to sell it the legitimate website at an inflated price, bandwidth jacking where they steal traffic from typos, or the modern day tactics of stealing people’s identities.
Typosquatting relies on mistakes made by internet users when they put a website name into the address bar. People that buy these typo-urls sometimes make websites that look identical to the website the user was trying to visit.
Because the websites look identical, the unsuspecting user has no idea he/she is becoming a victim. The owners of these sites try to trick the users into releasing private information, credit card numbers, and even security numbers.
As the internet became more popular for shopping and for registering for services, the cybersquatters began to focus more on stealing peoples identities to anything they can possibility get a hold of.
Best Buy, Tumbler, Facebook, Video Service Websites, and others. Various studies reveal that there is a big typosquatting ecosystem around high-profile, often-typed domain names.
It’s highly recommended that you bookmark the “true” websites, to avoid typosquatting. Cybercriminals can, for example, register misspelled sites to make advertising revenue every time someone mistypes the name of a popular site. It’s quite easy to mistype a URL, and then this, in worst cases, careless typing can lead you to a criminal website designed to steal your identity or phish your credentials.
There are hundreds of other sites that can enable criminals instant access to your computer. Most domain names are part of a giant bot network. This network is used to steal passwords and obtain personal information.
Other typosquatting domains try to use phishing schemes to steal your passwords and credit card numbers. Then there are sites that claim you have won iPads, computers, money, or other different gifts – these sites will try to take information.