Cybersquatting

Cybersquatting is the use of a domain name which is another person's trademark. The domain name may be the name of a person, a company, or an organization. The purpose of cybersquatting is to make money.

For example:
Domain parking: somebody buys a domain name of a company, because they hope to sell the domain to the company later.
Phishing: somebody buys the domain name of a company, to fool people who visit that website. These visitors think the company owns the website — but  a scammer actually owns the website. When they use their banking number, the scammer can now steal money from their bank account.

In the USA, cybersquatting may be a crime under the Anticybersquatting Consumer Protection Act.

Typosquatting
Typosquatting is a kind of cybersquatting. A domain name is used, which is similar to another website or trademark. For example, typosquatting could use wikpedia.org instead of wikipedia.org. It could also use a different URL extension, such as whitehouse.org instead of whitehouse.gov.

References

Category:Internet security