Cyber Squatting and Domain Speculation †A Global perspective :: Argumentative Persuasive Internet Essays

Cyber shit and Domain Speculation A Global perspectiveIntroduction and definitionsCyber hunker has become an increasing antecedent of annoyance and worry in the internet world. Apart from some of the otherwise burns such as internet security, hacking and frauds, which usually occur after firing online, Cyber Squatting is the first major problem faced by whatsoever company well before they even setup an internet blade site. Before moving on to the various issues, it is often unclear of what Cyber Squatting actually is.Simply put, cyber squatting means the registration of a theater of operations name in violation of a assay-mark or wrinkle name or other intellectual property of its owners. This includes the registration of a name deceptively similar to such business name or trademark. Usually, commonwealth squatters register these domains before the company does and offer these domain name to such business houses at a premium 1.U.S. Eastern regulate of Pennsylvania, Judg e Berle M. Schiller defined cyber-squatting or cyber-piracy as the deliberate, bad-faith, and abusive registration of profit domain names in violation of the rights of trademark owners. 2. Using this definition put forward by Judge Berle some of the major cyber squatting problems, that directly violate the trademark of corporation, has been solved. But another increasing problem is the issue of Domain Speculation.Another practice that sometimes, and misleadingly, is called cyber-squatting is domain speculation the registering of domain names based not on recognized brands but on generic terms (e.g. crocodile.com, homes-for-sale.com, cheapflowers.com). Speculators register generic domain names in the hope that a company will wish to buy a particular name for its own commercial use2.Current problemsGoing covert to the problem of cyber squatting we can refer to a much front vitrine in China. This was the time when Chinese corporations did not enjoy the trade protection of the law a gainst cyber squatters. In the past few years, umpteen cyber squatters registered the names of many famous Chinese companies in domain registrars in countries such as the United States. As a result, these Chinese companies were forced to pay macroscopical sums to reclaim their domain names. For example, cyber squatters registered the domain name kelon.com. The Chinese company that owned the trademark KELON paid RMB1 million to reclaim the domain name from the cyber squatter3In this case we can see that the only way Chinese companies could resolve the issue was to either pay large sums of money to the domain squatter or just get another domain.