Domain name disputes on the rise!

Domain disputes are on the rise! What else could you expect when the domaining industry is such a huge money spinner while being a low investment business!

Unscrupulous yet highly intelligent cybersquatters pick up premiuim domains related to any event or celebrities/businesses as soon as they get a whiff of something new and exciting comping up. 

Sample this:

The National Arbitration Forum, an international provider of alternative dispute resolution services, administered a total of 1,805 domain name disputes in 2007, up from 1,658 disputes in 2006. The National Arbitration Forum has been approved as a domain name dispute resolution program provider by the Internet Corporation of Assigned Names and Numbers (ICANN) since 1999.

The National Arbitration Forum reports at the end of 2007:

• UDRP domain names with common extensions like .com, .net, and .org accounted for 1,775 filings.
• usDRP domain names with the .us extension accounted for 30 filings.
• Of the 1,805 filings, Panelists heard 1,391 cases; parties worked together to settle many of the rest.
• There were 9,916 total domain name complaints filed since 1999.
• Of those filings, Panelists heard 8,006 cases; the parties settled many of the rest.

- PR-USA

I wish the practice of cybesquatting just disappears overnight. What a better place this world would be!

Hmmm… wishful thinking!