‘LAND RUSH’: A Goldmine For Cyber Squatters

"Internet domains are like real estate on the web. You never know what price it can fetch you later. But in the end it's illegal", the truth of the statement from the Chairman of a domain name registrar can be gauged from the fact that cyber squatters are having a field day taking the advantage of opportunities like land rush. Land rush is a phase for registration in which individuals can apply for domain names, which companies have not registered. During a land rush, domains can be procured real cheap such as even at $ 100. Post land rush, domains can even be procured but are later sold at astronomical prices.

And it's during the land rush that most attractive generic or dictionary names get picked up and later sold. For instance Diamond.com fetched its owner an astronomical sum of $7, 500, 000. Large companies are especially the targets of cyber squatters who try to register who try to register