Home / Industry

Secondary Market Buyers: Please Do Your Due Diligence!

As with all business transactions online, there are certain people who will try to prey on the public through scams masquerading as legitimate business deals. The same is true in connection with the sale of .CO domain names on the secondary market.

It has come to our attention that someone is reaching out to potential domain investors and attempting to sell "fractional shares" of one or more high value .CO domain names for which they do not actually own the registration rights. By attempting to sell unregistered domain names to unsuspecting investors, they are committing fraud. Make sure they aren't committing a fraud on you!

So what can you do to protect yourself? Before you agree to purchase full or fractional ownership rights for any .CO domain name, please do your due diligence. First, make sure you are dealing with someone who actually has the legal right to sell the registration rights for the domain name.

To start, visit www.whois.co, and check to see that the seller you are working with is listed as the named registrant for the domain name, or is an authorized agent of the person listed. We also recommend that you memorialize any domain name purchase or sale with a basic legal contract that will protect your rights and interests.

Every day the .CO community is growing and the secondary marketplace is becoming more exciting and active. More .CO domain names are being bought and sold; More.CO websites are being built; and more new investments are being contemplated. It is only in the rarest of cases that some scammer will try to throw wrench into the fair and orderly functioning of the secondary market. But even if it's just one case — it is one too many for us.

So please, take the time to do your due diligence — and share this information with your friends and colleagues so they too will be protected.

About .CO Internet

.CO Internet

.CO Internet S.A.S. is the Registry Operator for the .CO top-level domain. Short, memorable and credible, .CO is the hot, new ending for web addresses all over the world. From start-ups and small businesses to big brands and multinational corporations, .CO is increasingly becoming the web address of choice for innovators and entrepreneurs across the globe. Please visit http://www.COinternet.co and http://www.go.co for more information. You can also follow us on Twitter @dotCO and at Facebook.com/dotCO. Learn More

Related topics: Cybercrime, Domain Names, Registry Services, Security, Top-Level Domains

 
   
WEEKLY WRAP — Get CircleID's Weekly Summary Report by Email:

Related Blogs

Related News

Explore Topics

Industry Updates – Sponsored Posts

Startup League Reports from WebSummit, Lisbon

Verisign Q3 2016 DDoS Trends Report: User Datagram Protocol (UDP) Flood Attacks Continue to Dominate

2016 U.S. Election: An Internet Forecast

.SPACE Becomes the Choice of the First Ever Space Nation Asgardia

Government Guidance for Email Authentication Has Arrived in USA and UK

ValiMail Raises $12M for Its Email Authentication Service

MarkMonitor Supports Brand Holders' Efforts Regarding .Feedback Registry

Don't Gamble With Your DNS

8 Tips to Find Your Perfect .COM Domain Name

Why .com is the Venture Capital Community's Power Player

Defending Against Layer 7 DDoS Attacks

Understanding the Risks of the Dark Web

The .cancerresearch TLD: Search for Cure Drives Digital Innovation

New TLD? Make Sure It's Secure

Radix Launches Startup League at TechCrunch

Celebrating One Year of .online

Verisign Releases Q2 2016 DDoS Trends Report - Layer 7 DDoS Attacks a Growing Trend

LogicBoxes Launches the New Elite Reseller Program

How Savvy DDoS Attackers Are Using DNSSEC Against Us

Afilias Acquires Premium TLDs .ARCHI, .BIO and .SKI

Sponsored Topics

Afilias

DNS Security

Sponsored by
Afilias
Verisign

Security

Sponsored by
Verisign
Port25

Email

Sponsored by
Port25
Afilias - Mobile & Web Services

Mobile

Sponsored by
Afilias - Mobile & Web Services