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Since the foundation of the Internet, a contract has been handed over to the United States Commerce Department under which the department had given authority to regulate the Internet. After 47 years, this contract ends tonight at midnight EDT i.e. Saturday, October 1st, 2016. If you think that the United States owns the Internet, then you're wrong. It doesn't. Founded in 1998, non-profit organization ICANN (The Internet Corporation for Assigned Names and Numbers) oversees the Internet's "address book" (or root zone) — the process of assigning domain names and the underlying IP addresses to keep the Internet running smoothly. But according to the contract, ICANN and its IANA department (the Internet Assigned Numbers Authority) was set to work under the supervision of National Telecommunications and Information Administration (NTIA), an agency of the U.S. Department of Commerce. That contract is ending today, and the US Commerce Department is schedule

ICANN (Internet Corporation for Assigned Names and Numbers) – the organisation responsible for allocating domain names and IP addresses for the Internet – has been hacked , potentially compromising its customers' names, email addresses, hashed passwords, and more. The US-administered non-profit corporation admitted on Wednesday that its server security was breached within the past week and that… …an " unauthorised person " gained access to usernames , email addresses , and encrypted passwords for profile accounts on ICANN.org public website. The organisation believes that the leaked information includes harmless information such as user preferences, public biographies, interests, newsletters, and subscriptions. Less than ten months ago, ICANN was hacked  by a hacker who gained access to its internal system following a spear phishing attack in November last year. Employees were tricked into handing over their credentials after receiving malicious emails

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