To those outside of the Online world, cybersquatting sounds like part of a work out routine you’d do with a digital Richard Simmons. I can promise you though that this is not the case. It is actually a very important issue that comes up in the world of domain name registrations.
It is registering, trafficking in, or using a domain name with bad faith intent to profit from the goodwill of a trademark belonging to someone else. The cybersquatter then offers to sell the domain to the person or company who owns a trademark contained within the name at an inflated price. At least that is according to the United States federal law on the issue, the Anticybersquatting Consumer Protection Act.
Now when people are squatting outside of the digital realm we live in, it usually means they are living in an abandoned building or some other space that the squatter does not own.
Back to the Online side of things, cybersquatters will actually register and pay for the domains in question and then wave it in the face of the copyright holder and sometimes even put up really bad things about them in hopes that they will want to give them a big ol’ check to shut them up and buy the domain.
For more information on domain name squatting I would highly suggest checking out ICANN’s uniform domain-name dispute-resolution policy.
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