Cybersquatting was rife in the early days of the World Web of the 1990s. An individual would register a domain name that was perhaps associated with an organisation or company and even a trademarked term. The cybersquatter might then use the domain for their own purposes whatever they might be or endeavour to sell the domain to the organisation. At first, it was unclear whether cybersquatting was illegal. Laws were tightened, domain registrars would take a dim view of such activity and commonly the domain would be handed over to what would appear to be the more legitimate owner. However, there are blurred lines when it comes to generic terms rather than company names or trademarks.
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Source: Phys.org