Cybersquatting is the practice of registering names, especially well-known company or brand names, as Internet domains, in the hope of reselling them at a profit.
As the internet started becoming popular, internet users knew businesses would need a website. Some users started buying domains to create sites that looked like they were from reputable companies.
Example: A cybersquatter could buy Heinz.com if the company hadn’t created a website yet, looking to sell the domain to Heinz at a later date for profit, or use the domain name to attract traffic and generate money through advertising.
