Cybersquatting & Regulatory Mechanisms

Cyber Squatting is a word that has come to be linked with the registration of domain names without the objective of using them, in the names of popular brands or personalities exclusively for the purpose of making money. The crux is that "name" belongs more appropriately to another entity. Secondly, the registrant is targeting to trade the name.

Domain name registration method commenced on the basis of the "First come First serve" basis. The registrant authority did not take the accountability for examining the possession/owner of the name. Later when the internet became trendy, large popular businesses wanted to enter the internet with their own websites and regularly found that the domain name they were looking for had already been booked. So, businesses who wanted the same domain name had to pay a price, which was many times mind-boggling.