Wednesday, 11th March 2009, 19:10:00
The launch of new domain names provides a window of opportunity for cybersquatters to sneak in and take residence unjustly, it has been claimed.
Commenting on new research from MarkMonitor which revealed that cybersquatting rose by 18 per cent in 2008, online domain registration provider Domainmonster.com explained that during this "sunrise period" some trademark holders do not get round to securing their name.
Matt Mansell, chief executive officer at the firm, said: "When a namespace is launched, it is launched with no database of registered owners already.
"It's a wide open market for people to come and take what they want to take."
He attributed last year's rise in cybersquatting to the launch of the global top-level domain .asia and the country code top-level domain .me.
The latter, he explained, appeared to be a global domain when in fact it was Montenegro the country.
MarkMonitor's Brandjacking Index for 2008 uncovered a total of 440,584 instances of cybersquatting, as well as 86,837 instances of false association with domain names.
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