MelbourneIT Lapse Permitted Panix Hijack

McSpew writes "Netcraft reports MelbourneIT's CTO, Bruce Tonkin, has admitted the Panix domain hijacking occurred because of a loophole in MIT's domain transfer process. He doesn't go into detail about what that loophole was, or how it was closed. As a Panix user, I'd like more detail, and I'd like to know what can be done to stop this sort of nonsense happening to other domains."