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Internet Governance Glossary

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4.6 Cybersquatting

Internet misuse of registering domain names that could be resold later, e.g. for reselling a trademark later to its rightful trademark owner (which can be considered as extortion).
 

Note:

The Uniform Domain-Name Dispute Resolution Policy (UDRP) provides mechanisms that have significantly reduced cybersquatting. However, cybersquatting can also concern famous individuals and non-profit entities.