How to Deal and Fight Cybersquatter?

The practice that's come to be known as cybersquatting originated at a time when most businesses were not savvy about the commercial opportunities on the Internet. Some entrepreneurial souls registered the names of well-known companies as domain names, with the intent of selling the names back to the companies when they finally woke up. Panasonic, Fry's Electronics, Hertz and Avon were among the "victims" of cybersquatters. Opportunities for cybersquatters are rapidly diminishing, because most businesses now know that nailing down domain names is a high priority.


There are several ways to deal with cybersquatter as suggested, however, one of it would be paying to the cybersquatter.

What else can we do to fight cybersquatter?
First of all, check if the domain name takes you to a website. In case it does not take you to a functioning website, but takes you to a site stating "this domain name for sale," or "under construction," or "can't find server," this increases the possibility that you are dealing with a cybersquatter. The absence of a real website may indicate that the registrant of the domain name bought the name for the purpose to sell it back to you at a higher price.
  
Secondly, Contact the domain name registrant. You can use you can use the "WHOIS Lookup" to find the name and address of a domain name registrant.Check and confirm whether there is a reasonable justification for the use of the domain name, or if the registrant is willing to sell you the name at a price you are willing to pay.

If you are a victim of cybersquatting in the United States and decided to go through legal process, there are two options:

• sue under the provisions of the Anticybersquatting Consumer Protection Act (ACPA), or
• use an international arbitration system created by the Internet Corporation of Assigned Names and Numbers (ICANN).

Trademark experts consider the ICANN arbitration system to be faster and less expensive than suing under the ACPA, and the procedure does not require an attorney.

[Information sourced from: http://www.nolo.com/legal-encyclopedia/cybersquatting-what-what-can-be-29778.html]