In this article about cybersquatting and domain name theft, the author correctly notes that (1). cybersquatting is easy and it's cheap; (2). cybersquatters can undermine your reputation. (3). You can fight back against cybersquatting and retrieve stolen domain names. Companies are becoming more aware of web sites which pirate their brand and traffic and becoming more serious about prtoecting their trademarks, brands and web presence.
Cybersquatters: What you should know and how to fight cybersquatting.
I can no longer imagine a world without the Internet. I love it. But, let's be real. There's no shortage of bottom-feeders on the Internet.
Cybersquatters: The dictionary defines cybersquatting as "the practice of registering names, especially well-known company or brand names, as Internet domains, in the hope of reselling them at a profit.
But the term is commonly used when referring to bad faith domain registrations in general.