Cybersquatting
It's dirt cheap to register a domain name on the Internet. Apparently this has led to a growing number of so-called "cybersquatters." I have heard of this before where people register big names or brands, then demand a lot of money to sell them, but didn't realize that it was this a big problem. Over 8,000 complaints already, with about half from the US.
Anyone can register a domain name on the Internet for a few dollars, which has led to so-called "cybersquatters."
The U.N. arbitration system, which started in 1999, allows those who think they have the right to a domain name to get it back without having to fight a costly legal battle or pay large sums of money. It costs about $1,500 to file a claim at WIPO. The arbitration system cannot award financial penalties.
The U.N. arbitration system, which started in 1999, allows those who think they have the right to a domain name to get it back without having to fight a costly legal battle or pay large sums of money. It costs about $1,500 to file a claim at WIPO. The arbitration system cannot award financial penalties.
With the growth of the internet it is natural to assume an increase in Cybersquatters as well. I am a little supprised that while ramsomee can now receive less expensive relief but there is still no risk to the one who does the intentional ramsom.