
Cybersquatting, which describes trying to profit by registering a domain name that uses a trademarked name or word to either attract visitors to the website and/or sell the site to the trademark owner, has been illegal for a decade now, but that doesn't mean the practice is slowing up. On the contrary, more complaints and legal action were filed in 2008 than ever before.
And it's not just businesses that are being targeted, either. In addition to the likes of Google, Nestle, and Ebay, complaints resonated from the likes of actress Scarlett Johansson. Going forward, some feel the problem will only worsen once ICANN launches new generic top-level domains (gTLDs).
"The creation of an unknowable and potentially vast number of new gTLDs raises significant issues for rights holders, as well as internet users generally," World Intellectual Property Organization (WIPO) director-general Francis Gurry said in a statement.
Gurry went on to say that his U.N. agency was working with ICANN on "pre- and post-delegation procedures" to look over proposed suffixes and prevent disputes.

Links:
[1] http://www.maximumpc.com/user/paul_lilly
[2] http://www.reuters.com/article/technologyNews/idUSTRE52E22G20090315
[3] http://www.maximumpc.com/article/news/domains_20_horizon_icann_votes_laxer_top_level_domains
[4] http://www.maximumpc.com/article/news/icann_approves_tel_domains_be_used_directory_information
[5] http://www.maximumpc.com/article/news/icann_still_not_ready_implement_new_top_level_domain_system
[6] http://www.maximumpc.com/tags/cybersquatting
[7] http://www.maximumpc.com/tags/gtld
[8] http://www.maximumpc.com/tags/icann
[9] http://www.maximumpc.com/articles/news
[10] http://www.maximumpc.com/user/login?&commentfragment=comments_top_anchor