Mitigation For Firefox Users (Not FIX For Chrome)
Firefox uses can follow below-mentioned steps to manually apply temporarily mitigation:
Type about:config in address bar and press enter.
Type Punycode in the search bar.
Browser settings will show parameter titled: network.IDN_show_punycode, double-click or right-click and select Toggle to change the value from false to true.
Unfortunately, there is no similar setting available in Chrome or Opera to disable Punycode URL conversions manually, so Chrome users have to wait for next few weeks to get patched Stable 58 release.