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Monday, September 24, 2007 9:05:30 PM
cybersquatting:
The practice of registering famous brand names as {Internet} {domain names}, e.g. harrods.com, ibm.firm or sears.shop, in the hope of later selling them to the appropriate owner at a profit. Some people have registered every common name and name combination they can think of with the hopes of making a profit.
In August 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.
ALL POSTED BY AMERICAN_PSYCHO IS EITHER FACT OR OPINION.
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