Cybersquatting is squatting in cyberspace. It is interesting subject in modern web oriented world, where more and more business is done through the internet and in some areas we can already say somebody without web site simply does not exist.
This kind of activity is also know under different, but related names, and is used as description of activity of domain(s) registration with the intention to prevent others to register their business at the same address. The idea is to resell the right for the use of name to somebody else with huge profit. While initial price is about ten dollars, it can raise up to hundreds of thousands of dollars.
Domain INSURANCE.COM, for instance was sold in 2010 for unbelievable 35,6 million dollars!
And we are talking about domain name only, without any right to content on the side...
Similar to scalping, this is of course illegal business in general, but, as we already said, with a lot of grey areas. We'll explore some common examples and try to learn from mistakes of others to have a better chance making our owns. As already stated, there is no simple black and white comparison, because many cases can be interpreted with different points of view and the results of legal procedures are pretty unpredictable. Yes, dealing with a cyber squatter or being one can be expensive too. So it is best to think twice before you act.