A business’s domain name is an important asset.

This story from Internet Week (via LawTech Guru) records the domain hijacking of panix.com by someone using the MelbourneIT registry. It resulted in a major outage for its 5000 customers.

The article emphasizes the need to tell your registrar to lock down your domain name so that other registrars cannot initiate a transfer without your involvement.

Want to know who is recorded as the owner of an Australian domain name? See Whois AusRegistry.