Microsoft Has Paid Millions Of Dollars To Buy This One Domain
By MYBRANDBOOK
Microsoft Corporation has made many acquisitions its four decades of existence, but the recent acquisition is perhaps the most interesting one. Not just because of its nature but because of its paid price which is estimated over 170,000 times than the regular market price.
On Tuesday, the tech giant Microsoft confirmed the acquisition of a new domain named ‘corp.com’. While the value at which it was acquired still remains a mystery, it has been found out that the domain was first put up for sale in February by Mike O’Connor at the price of $1.7 million.
Microsoft saw it as a potential security threat that was just waiting to be exploited and the only way the company could make sure it is in safe hands is by purchasing it. The security reasons for which Microsoft had to buy this domain is something known as ‘namespace collision’. This is when there happens to be an overlap between an internal domain and an address on the internet.
Microsoft’s earlier versions of Windows presented admins with ‘corp’ as the default domain name suggestion when setting up a company’s Active Directory service. Therefore, it could very well have been possible for someone to leverage the domain ‘corp.com’ to harvest sensitive information from Windows devices with default settings.
A Microsoft spokesperson in a statement said that when it comes to planning internal domain and network settings, they encourage their customers to practice safe security habits so that it can help keep their systems protected.
The company spokesperson further added that in June of 2009, they released a security advisory along with a security update to help keep their consumer safe and it is in the same spirit of their ongoing commitment to the security of their consumers that they acquired the domain name ‘corp.com’
Mike O’Connor purchased the domain name about 26 years ago and let it stay dormant as he was well aware of the security risks that ‘corp.com’ posed to users of Microsoft Windows. He also hoped back then that Microsoft will definitely take notice of this problem and do right by their users by purchasing it someday.: Dazeinfo
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Icons Of India : Girish Mathrubootham
Girish Mathrubootham is the Founder of Freshworks (previously known ...
ICONS OF INDIA : RISHAD PREMJI
Rishad Premji is Executive Chairman of Wipro Limited, a $11.3 billion ...
Icons Of India : Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla recently made a comeb...
BSE - Bombay Stock Exchange
The Bombay Stock Exchange (BSE) is one of India’s largest and oldest...
PFC - Power Finance Corporation Ltd
PFC is a leading financial institution in India specializing in power ...
C-DAC - Centre for Development of Advanced Computing
C-DAC is uniquely positioned in the field of advanced computing...
Indian Tech Talent Excelling The Tech World - Sanjay Mehrotra, CEO- Micron Technology
Sanjay Mehrotra, the President and CEO of Micron Technology, is at the...
Indian Tech Talent Excelling The Tech World - PADMASREE WARRIOR, Founder, President & CEO - Fable
Padmasree Warrior, the Founder, President, and CEO of Fable, is revolu...
Indian Tech Talent Excelling The Tech World - Steve Sanghi, Executive Chair, Microchip
Steve Sanghi, the Executive Chair of Microchip Technology, has been a ...