Cybersquatting cases reach record in 2012: UN
GENEVA (AFP) - The number of cases of alleged cybersquatting handled by the World Intellectual Property Organisation jumped five per cent to reach a record 2,884 last year, the head of the UN agency said on Thursday.
"The areas where cybersquatting is most prevalent, judging by the cases, are retail, fashion and banking and finance," said WIPO director general Francis Gurry.
"The simple explanation is the increased use of the Internet, which increases the potential infringers," he told reporters.
Cybersquatting refers mainly to the practice of registering, trafficking in, or using an Internet domain name with the intention of profiting from the goodwill of a trademark belonging to someone else.