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Cybersquatting
CyberSquatting is the action of attempting to profit by purchasing domain names made of marketable and trademark related terms, and later reselling or licensing those names back to the companies that developed the trademark. That is, CyberSquatters undertake the deliberate, abusive registration of domain names in violation of the rights of trademark owners. Abusive registration of a domain names is defined by WIPO as:

Registration of a domain name which is identical or misleadingly similar to a trademark.
A registration which the registrant has no rights to, or legitimate interests in, with respect to the domain name.
Wherein the domain name has been registered and is used in bad faith.

Related: Domaining - Sunrise Period - Phishing

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