Domain names help us navigate the vastness of the world wide web and find the information and services we are looking for. However, malicious actors abuse the importance of domain names by registering ones that are identical or similar to existing trademarks, company names, or personal names, hoping to profit from the confusion. It is called cybersquatting.
According to data presented by Atlas VPN and provided by the World Intellectual Property Organization (WIPO), cybersquatting cases reached record highs in 2022.