Cybersquatting is the act of registering a famous Internet address, basically a company name with the intent of selling it to its rightful owner. The term cybersquatting is derived from “squatting”, which is the act of occupying an unoccupied or abandoned space or building that the squatter does not rent, owe, or otherwise have permission to use. It usually refers to illegal domain name registration or use. It may have a few different variations, but its primary purpose is to misspell or steal a domain name in order to profit from an increase in website visits, increase in the organic traffic, which otherwise would hard to accomplished. Trademark or copyright holders should neglect to re-register their domain names, and by forgetting this update, cybersquatters (the person who do cybersquatting) may easily steal domain names. Cybersquatting also includes some advertisers who mimic domain names that are similar to popular, highly trafficked websites. Cybersquatting is one of several types of cybercrimes. Cybersquatting is also known as domain squatting.
Commercial domain names are obtained from registries. However, these registries can’t determine whether the domain name is one that rightfully ought to someone else. Consequently, a number of companies or enterprising individuals have already applied for and reserved numerous of domain names, either new or expired, that they plan that someone else will want, either now or in the future.
Numerous of cybersquatters reserve common English words, reasoning that sooner or later someone will demand to use one for their Web site. Another famous way is mis-typed spellings of popular or branded web sites. Cybersquatters will also periodically comb the lists of recently expired domain names, aim to sell back the domain name to a registrant who don’t know that his domain name expire. Since there is an initial and yearly fee for owning a domain name, some cybersquatters save a long list of names and defer paying for them until forced to – preempting their use by others at zero cost to themselves. The registry companies are working on this problem any trying to make a way to stop cybersquatting. Meanwhile, the ICANN (Internet Corporation for Assigned Names and Numbers), which give license to the domain name registrars, is continuously working on a process for resolving domain name disagreements outside of the court system.
In Simple Words – Cybersquatting, according to the US federal law known as the Anticybersquatting Consumer Protection Act, is trafficking in, registering, or using an Internet domain name with bad motive or faith intent to profit from the goodwill of a trademark belonging to someone else The WIPO (World Intellectual Property Organization) has also outlined anti cybersquatting tactics, which have been endorsed by Internet Corporation for Assigned Names and Numbers.
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