<ul><li>New generic top-level domains (gTLDs), such as .shop and .xyz, are being widely used for cybercrime activities, according to a report.</li><li>These new domains account for more than a third (37%) of cybercrime domains, despite making up only 11% of the total domain name market.</li><li>The popularity of these domains among cybercriminals is attributed to their affordability and minimal registration requirements.</li><li>Phishing attacks have increased by nearly 40% and are expected to worsen with the introduction of new gTLDs.</li></ul>

New domain names such as .shop and .xyz are proving popular for cybercrime

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