Question

Fyroff consultants, a leading software consulting firm in the United States, decides to launch an Enterprise Resource Planning (ERP) solution. The company chooses the brand name Fyroff Enterprise for the new solution. However, when the company attempts to register the domain name, it finds that a small unknown firm is already registered under the same domain name. The small firm is now attempting to sell the domain name to Fyroff. Which of the following terms refers to this practice of buying a domain name only to sell it for big bucks?

a. cybersquatting
b. logic bombing
c. cyberbullying
d. bot herding
e. cyberstalking

Answer 1

The correct answer is a. cybersquatting

Step-by-step explanation:

Cybersquatting is the registration of a domain name that corresponds to the denomination of a brand or name, with the main objective of obtaining some economic benefit from its sale to the owner and legitimate owner of the brand. Cybersquatting can range from making money by parking domains (buying names that are then "parked", that is, left unused but generating advertising revenue based on the visits they receive) to redirecting users to another website In order for it to get more traffic, that is, with cybersquatting it is generally intended to sell the registered domain names to the legitimate owners or interested parties, at a price well above the cost of registration or also to use the domain taking advantage of the recognition associated with the legitimate owner to obtain commercial advantages, as clients in the network.