cybersquatting
noun [ U ]
uk/ˈsaɪbəˌskwɒtɪŋ/ usa situation in which someone pays to officially take a famous name as an internet address, so that they can later sell it for a high price to the person or organization with that name:
The lawsuit claims both cybersquatting and trademark infringement.
cybersquat
verb [ I ] -tt-
The registration must be renewed or someone else can claim or cybersquat on your address.
cybersquatter
noun [ C ]
In many cases, the domain name that has been reserved by the cybersquatter has already been trademarked or service marked by another organization.