What is Cybersquatting?

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What is Cybersquatting? 

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Cybersquatting  is the practice of registering as Internet domains identical or similar to a third party company name or trade mark, with bad faith intent to profit from the goodwill of a third party brand, or in the hope of reselling them at a profit.

Cybersquatters exploit the first-come, first-served nature of the domain name registration system to register as domain names, third parties’ trademarks or business names or names of famous people, as well as variations thereof.

A common motive for cybersquatting is the intention to sell the domain name back to the trademark owner, to profit from the goodwill of a third party brand, or to attract web traffic to unrelated commercial offers.