According to the U.S. federal law known as the Anti-Cybersquatting Consumer Protection Act, cybersquatting 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. Commercial domain names (technically, you reserve a second-level domain name) are obtained from one of several registries, companies authorized to ensure that a domain name you want is unique (no one else already has it) and issue it to you if it is. However, these registries make no attempt to determine whether the domain name is one that rightfully ought to go to someone else. The principle is "First come, first served." For this reason, a number of enterprising individuals and companies have applied for and reserved domain names, either new or expired, that they think someone else will want, either now or in the future. Well-known companies or their products, sports figures and other celebrities, political candidates, and others often discover that someone else has already reserved the domain name (for example, "sammysosa.com") they would most likely want to use. Although trademark laws may offer some protection, it is often cheaper to buy the domain name from the cybersquatter than it is to sue for its use.
Many cybersquatters reserve common English words, reasoning that sooner or later someone will want to use one for their Web site. Examples of words sold by cybersquatters to companies developing significant Web sites include drugstore.com, furniture.com, gardening.com, and Internet.com. Cybersquatters may also regularly comb lists of recently expired domain names, hoping to sell back the name to a registrant who inadvertently let their domain name expire. eBay, the auction site, sometimes lists domain names for sale. Several cybersquatter companies offer their wares at their own Web sites.
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Answered by Ni .. , an ibibo Master, at 11:09 AM on July 13, 2008

According to the U.S. federal law known as the Anti-Cybersquatting Consumer Protection Act, cybersquatting 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. Commercial domain names (technically, you reserve a second-level domain name) are obtained from one of several registries, companies authorized to ensure that a domain name you want is unique (no one else already has it) and issue it to you if it is. However, these registries make no attempt to determine whether the domain name is one that rightfully ought to go to someone else. The principle is "First come, first served." For this reason, a number of enterprising individuals and companies have applied for and reserved domain names, either new or expired, that they think someone else will want, either now or in the future. Well-known companies or their products, sports figures and other celebrities, political candidates, and others often discover that someone else has already reserved the domain name (for example, "sammysosa.com") they would most likely want to use. Although trademark laws may offer some protection, it is often cheaper to buy the domain name from the cybersquatter than it is to sue for its use.
Many cybersquatters reserve common English words, reasoning that sooner or later someone will want to use one for their Web site. Examples of words sold by cybersquatters to companies developing significant Web sites include drugstore.com, furniture.com, gardening.com, and Internet.com. Cybersquatters may also regularly comb lists of recently expired domain names, hoping to sell back the name to a registrant who inadvertently let their domain name expire. eBay, the auction site, sometimes lists domain names for sale. Several cybersquatter companies offer their wares at their own Web sites.
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Answered by Yash , an ibibo Master, at 8:28 PM on July 08, 2008

Cybersquatting is the act of registering a popular Internet address--usually a company name--with the intent of selling it to its rightful owner.

Comparing cybersquatting to online extortion, Senator Spencer Abraham, a Michigan Republican, has introduced to Congress the Anti-Cybersquatting Consumer Protection Act. This bill, if enacted, would make cybersquatting illegal. Violators would be charged a fine of up to $300,000.


The World Intellectual Property Organization (WIPO) has also outlined anti-cybersquatting tactics, which have been endorsed by ICANN (Ironically enough, someone recently registered www.wipo.com in order to sell it back to WIPO for several thousand dollars).

Answered by Raksha , an ibibo Master, at 9:41 AM on July 03, 2008

well Aryan, According to the U.S. federal law known as the Anti-Cybersquatting Consumer Protection Act, cybersquatting 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. Commercial domain names (technically, you reserve a second-level domain name) are obtained from one of several registries, companies authorized to ensure that a domain name you want is unique (no one else already has it) and issue it to you if it is. However, these registries make no attempt to determine whether the domain name is one that rightfully ought to go to someone else. The principle is "First come, first served." For this reason, a number of enterprising individuals and companies have applied for and reserved domain names, either new or expired, that they think someone else will want, either now or in the future. Well-known companies or their products, sports figures and other celebrities, political candidates, and others often discover that someone else has already reserved the domain name (for example, "sammysosa.com") they would most likely want to use. Although trademark laws may offer some protection, it is often cheaper to buy the domain name from the cybersquatter than it is to sue for its use.
Many cybersquatters reserve common English words, reasoning that sooner or later someone will want to use one for their Web site. Examples of words sold by cybersquatters to companies developing significant Web sites include drugstore.com, furniture.com, gardening.com, and Internet.com. Cybersquatters may also regularly comb lists of recently expired domain names, hoping to sell back the name to a registrant who inadvertently let their domain name expire. eBay, the auction site, sometimes lists domain names for sale. Several cybersquatter companies offer their wares at their own Web sites.
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Answered by Romi , an ibibo Master, at 8:19 PM on June 21, 2008

Cybersquatting is the act of registering a popular Internet address--usually a company name--with the intent of selling it to its rightful owner.

Comparing cybersquatting to online extortion, Senator Spencer Abraham, a Michigan Republican, has introduced to Congress the Anti-Cybersquatting Consumer Protection Act. This bill, if enacted, would make cybersquatting illegal. Violators would be charged a fine of up to $300,000.


The World Intellectual Property Organization (WIPO) has also outlined anti-cybersquatting tactics, which have been endorsed by ICANN (Ironically enough, someone recently registered www.wipo.com in order to sell it back to WIPO for several thousand dollars).

Answered by Madhurima , an ibibo Master, at 5:50 PM on June 18, 2008

well, Cybersquatting, according to the United States federal law known as the Anti-Cybersquatting Consumer Protection Act, 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

If you own a trademark and find that someone is holding it hostage as a domain name until you pay a large sum for it, you may be the victim of cybersquatting. You can either sue to get your domain name -- and possibly some money damages -- under a 1999 federal law known as the Anti-Cybersquatting Consumer Protection Act, or you can initiate arbitration proceedings under the authority of the Internet Corporation of Assigned Names and Numbers (ICANN) and win the name back without the expense and aggravation of a lawsuit.

Cybersquatting means registering, selling or using a domain name with the intent of profiting from the goodwill of someone else's trademark. It generally refers to the practice of buying up domain names that use the names of existing businesses with the intent to sell the names for a profit to those businesses.

The practice that's come to be known as cybersquatting originated at a time when most businesses were not savvy about the commercial opportunities on the Internet. Some entrepreneurial souls registered the names of well-known companies as domain names, with the intent of selling the names back to the companies when they finally woke up. Panasonic, Fry's Electronics, Hertz and Avon were among the "victims" of cybersquatters. Opportunities for cybersquatters are rapidly diminishing, because most businesses now know that nailing down domain names is a high priority.

Answered by Saurabh , an ibibo Master, at 7:48 AM on June 17, 2008

According to the U.S. federal law known as the Anti-Cybersquatting Consumer Protection Act, cybersquatting 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. Commercial domain names (technically, you reserve a second-level domain name) are obtained from one of several registries, companies authorized to ensure that a domain name you want is unique (no one else already has it) and issue it to you if it is. However, these registries make no attempt to determine whether the domain name is one that rightfully ought to go to someone else. The principle is "First come, first served." For this reason, a number of enterprising individuals and companies have applied for and reserved domain names, either new or expired, that they think someone else will want, either now or in the future. Well-known companies or their products, sports figures and other celebrities, political candidates, and others often discover that someone else has already reserved the domain name (for example, "sammysosa.com") they would most likely want to use. Although trademark laws may offer some protection, it is often cheaper to buy the domain name from the cybersquatter than it is to sue for its use.
Many cybersquatters reserve common English words, reasoning that sooner or later someone will want to use one for their Web site. Examples of words sold by cybersquatters to companies developing significant Web sites include drugstore.com, furniture.com, gardening.com, and Internet.com. Cybersquatters may also regularly comb lists of recently expired domain names, hoping to sell back the name to a registrant who inadvertently let their domain name expire. eBay, the auction site, sometimes lists domain names for sale. Several cybersquatter companies offer their wares at their own Web sites.
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Answered by Sharad Singh , an ibibo Master, at 5:45 PM on June 16, 2008

hi there

Cybersquatting is the act of registering a popular Internet address--usually a company name--with the intent of selling it to its rightful owner.

Comparing cybersquatting to online extortion, Senator Spencer Abraham, a Michigan Republican, has introduced to Congress the Anti-Cybersquatting Consumer Protection Act. This bill, if enacted, would make cybersquatting illegal. Violators would be charged a fine of up to $300,000.


The World Intellectual Property Organization (WIPO) has also outlined anti-cybersquatting tactics, which have been endorsed by ICANN (Ironically enough, someone recently registered www.wipo.com in order to sell it back to WIPO for several thousand dollars).

Answered by Reeta K , an ibibo Master, at 3:51 PM on June 16, 2008

Cybersquatting, according to the United States federal law known as the Anticybersquatting Consumer Protection Act, 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.

Answered by Nishu's , an ibibo Master, at 7:01 PM on June 14, 2008

well Aryan, According to the U.S. federal law known as the Anti-Cybersquatting Consumer Protection Act, cybersquatting 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. Commercial domain names (technically, you reserve a second-level domain name) are obtained from one of several registries, companies authorized to ensure that a domain name you want is unique (no one else already has it) and issue it to you if it is. However, these registries make no attempt to determine whether the domain name is one that rightfully ought to go to someone else. The principle is "First come, first served." For this reason, a number of enterprising individuals and companies have applied for and reserved domain names, either new or expired, that they think someone else will want, either now or in the future. Well-known companies or their products, sports figures and other celebrities, political candidates, and others often discover that someone else has already reserved the domain name (for example, "sammysosa.com") they would most likely want to use. Although trademark laws may offer some protection, it is often cheaper to buy the domain name from the cybersquatter than it is to sue for its use.
Many cybersquatters reserve common English words, reasoning that sooner or later someone will want to use one for their Web site. Examples of words sold by cybersquatters to companies developing significant Web sites include drugstore.com, furniture.com, gardening.com, and Internet.com. Cybersquatters may also regularly comb lists of recently expired domain names, hoping to sell back the name to a registrant who inadvertently let their domain name expire. eBay, the auction site, sometimes lists domain names for sale. Several cybersquatter companies offer their wares at their own Web sites.
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Answered by satyaiitk , an ibibo Master, at 6:21 PM on June 14, 2008