Answer:
Cybersquatting
Step-by-step explanation:
Cybersquatting refers registering domain names of existing companies or businesses with the intention of selling it at a later date to those companies and making huge profits from it. The practice of cybersquatting is illegal and a crime.
It's history comes from a time when businesses were not aware of the commercial importance of having an internet presence. People went on to register the names of these businesses as their domain names and when the businesses finally decide to set up an internet presence, these people then sold these domain names at exorbitant prices to these companies.
The Anticybersquatting consumer protection act, protects victims of cybersquatting by authorizing a trademark owner to sue a cybersquatter in a federal court to obtain his domain name.