Cybersquatting: the domain registration business

Internet has become a strategy to generate income in different ways, although it is mostly seen within this perspective as a business platform in which different types of operations and transactions can be developed from business models such as online stores. . However, there are not so massive modalities that generate a few benefits for a few, and this is the registration of domains.

Specifically, there are people who have seen in the domain system the opportunity to take money from others, so they are dedicated to registering domains -identifications in the network-, mainly of companies, it can be from the later sale of the domain to a company in particular, from the sale of the domain to a competitor company that will take advantage of it to divert visits to its own website, or by phishing – which comes from the term fishing (fishing) – and which means impersonating an entity to acquire confidential information fraudulently, such as bank passwords, etc.
The registration system is based on the principle of anticipation, so whoever arrives first registers the extension, and in case there is any difference between the parties, an arbitration court would establish who should have rights over the registered domain .

Sometimes cybersquatting happens by accident, when people register a domain without knowing that it corresponds to the name of a brand. But there are also cases in which certain people take advantage of the fact that entities forget to renew their domain name and appropriate it; However, now there are automatic notifications that warn about the proximity of the expiration of the domain, because logically, the more popular the domain, the more people will want to take over it.

It is easy to see how cybersquatting has moved into the field of social networks. Not only are there users who own fake accounts who, when they have a significant number of followers, benefit from the purchase of profiles by the companies, entities or people that have been supplanted, but it also seems that there are social networks that also benefit from this practice. . For example, false profiles of celebrities or entities abound on Twitter, and to solve it, the social network offers those interested that comply with a series of characteristics the option of granting a kind of seal that says “verified account” -a verified account- ; However, although this procedure supposedly has no formal cost.

Another form of cybersquatting is Typosquatting, which has to do with registering domains similar to the name of a company, brand or famous character but with typographical errors, taking into account that netizens can make mistakes when typing a URL, for example , instead of For this reason, the victim entities have dedicated themselves to buying these domains to redirect traffic to their original website. Obviously this modality not only harms the owners of the original domain, but also poses a risk to users, given that on these pages unwanted advertising, malicious content is distributed, and fraudulent activities are carried out.