Originally posted 2018-04-12 11:31:12
Originally posted 2016-09-06 11:00:38.
By Nicole LaCicero | Editor: Kristen Daly | www.amdlawgroup.com
1. Preserving the integrity of your domain name is vital to your business. You can STOP cybersquatters and reduce your litigation costs using the Internet Corporation for Assigned Names and Numbers (“ICANN”) Arbitration System.
2. Cybersquatters profit from purchasing domain names that are similar to well-known companies in the hopes of extorting money from them as the costs of litigation will likely exceed the ransom. Cybersquatters, like many cybercriminals, use this as their business strategy. However, ICANN, a non-profit, private sector and quasi-regulatory entity, provides a stable and secure network by coordinating maintenance and procedures including domain names. ICANN has created an effective and affordable administrative mechanism for businesses that are victims of cybersquatting.
3. Cybersquatting is illegal, and lawsuits can be brought under the Anti-Cybersquatting Consumer Protection Act (“ACPA”). The law was created to prevent cybersquatters and allow trademark owners to file a lawsuit. In order to prevail the owner must prove:
4. Under the ICANN Arbitration System, an owner of a trademark must:
5. Finally, to prevail using the ICANN Arbitration System the claimant only needs to prove the following elements:
Cyber criminals exploit the loopholes present in the U.S. legal system by taking advantage of the high costs of litigation. Furthermore, often times the legal laws that apply to Internet crimes make it difficult for claimants to prevail. ICANN provides businesses with another alternative to litigation. The only difference between the two avenues is that the ICANN arbitration system does not provide damages. However, in situations where the trademark owner is only looking to cancel the domain name, damages would not apply. Isn’t it time for businesses to fight back and not only stop the current regime of cyber bullies, but prevent others from finding new ways to profit off legitimate businesses by squashing their incentive: money? Wouldn’t you rather pay ICANN than a cybersquatter?
Image Link: http://www.cio.com/article/2980291/cyber-attacks-espionage/4-new-cybercrime-trends-threaten-your-business.html
15 U.S.C. § 1125(d)