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cybersquatting
(redirected from Cybersquatters)

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cybersquatting

Registering an Internet domain name for the purpose of reselling it for a profit. One of the more notable transactions was the domain name wallstreet.com, which was registered in 1994 for $70 and sold for one million in 1999. Some people have registered every common name and name combination they can think of with the hopes of making a profit.

Don't Cybersquat a Big Name!
In 1999, the U.S. government passed the Anti-Cybersquatting Consumer Protection Act, which enables trademark holders to obtain civil damages up to $100,000 from cybersquatters that register their trade names or similar-sounding names as domain names. While not directly outlawing cybersquatting, it was an attempt to improve the situation. See page hijacking and domain warehousing.



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While the future popularity of the new IDNs is uncertain, the new domain names will provide yet another opportunity for cybersquatters to seek profit by holding domain names ransom to brand owners or simply providing competing products and services.
Cybersquatters are siphoning away increasing numbers of users from the Web sites of businesses large and small.
CYBERSQUATTERS are taking famous names on Facebook in the hope the stars will pay for them.
 
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