One World.. One Internet is the credo of ICANN not One Domain for all businesses. The World Intellectual Property Organization (WIPO) is the global leader in resolving cases of “cybersquatting” and provides a quick and cost-effective administrative process – known as the UDRP – to reclaim a domain name that unfairly targets your trademark. The Uniform Domain Name Dispute Resolution Policy (UDRP) sets out the legal framework for the resolution of disputes between a domain name registrant and a third party over the abusive registration and use of an Internet domain name in the generic top-level domains or gTLDs (e.g., .biz, .com, etc.). WIPO has managed tens of thousands of UDRP cases and provides a wide range of free UDRP filing tools.

Cybersquatting-What it is?

If you own a trademark and find that someone is holding it hostage as a domain name until you pay a large sum for it, you may be the victim of cybersquatting (nolo.com). 

Cybersquatting is registering, selling or using a domain name with the intent of profiting from the goodwill of someone else’s trademark. It generally refers to the practice of buying up domain names that use the names of existing businesses with the intent to sell the names for a profit to those businesses.

Cybersquatting is a form of cybercrime where the perpetrator buys or registers a domain name that is identical or similar to existing domain with the intention of profiting from a recognizable trademark, company name, or personal name. Crucially, the act is illegal because of the bad faith intent of the squatter. Due to its nature, domain squatting can be considered a form of trademark infringement, though there are differences between the two. There are several types of cybersquatting, and attacks may be carried out with different goals in mind.