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Line 14: + + − As a successful business and website, in order to ensure protection against typosquatting, the best available solution involves identifying the most common typographical errors of that specific domain name and their related highest value. After identifying these domain names, it is recommended to purchase them. This is a great way to keep typosquatters away from the business and maximize the outcomes. <ref>[http://www.brandchannel.com/images/papers/452_Typosquatting_final.pdf Typosquatting]</ref>+
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As compared to typosquatting, the practice of [[cybersquatting]] involves the purchase of domain names with the purpose of earning money based on the popularity and fame of a specific trademark or company. There are also cases when such websites enjoy a purchase proposal from the parent company itself. <ref>[http://www.wisegeek.com/what-is-typosquatting.htm Cybersquatting]</ref>.
As compared to typosquatting, the practice of [[cybersquatting]] involves the purchase of domain names with the purpose of earning money based on the popularity and fame of a specific trademark or company. There are also cases when such websites enjoy a purchase proposal from the parent company itself. <ref>[http://www.wisegeek.com/what-is-typosquatting.htm Cybersquatting]</ref>.
==Fine & Penalties==
Typosquatters are often made to take down their offending sites and reimburse the original trademark owner or victim. In February, 2012, a UK phone service company fined owners of "wikapedia" and "twtter" $156,000 for their sites, and ordered them to reimburse confused consumers.<ref>[http://thenextweb.com/insider/2012/02/16/typosquatting-sites-wikapedia-and-twtter-have-been-fined-300000-by-uk-watchdog/ Typosquatting Sites Wikapedia and Twtter Have Been Fined 300000 by UK Watchdog, TheNextWeb.com]</ref>
==How to Prevent Typosquatting==
==How to Prevent Typosquatting==
The best available solution to ensure protection against typosquatting involves identifying the most common typographical errors of that specific domain name and purchase them.<ref>[http://www.brandchannel.com/images/papers/452_Typosquatting_final.pdf Typosquatting]</ref>
If someone accidentally makes a typographical error and is directed to a typosquatted website, one can send a cease letter. There are many lawsuits related to cybersquatting and typosquatting. <ref>[http://www.worldlingo.com/ma/enwiki/en/Typosquatting Typosquatting lawsuits]</ref>
If someone accidentally makes a typographical error and is directed to a typosquatted website, one can send a cease letter. There are many lawsuits related to cybersquatting and typosquatting. <ref>[http://www.worldlingo.com/ma/enwiki/en/Typosquatting Typosquatting lawsuits]</ref>