Definition of cybersquatting noun from the Oxford Advanced American Dictionary

 

cybersquatting

 noun
noun
NAmE//ˈsaɪbərˌskwɑt̮ɪŋ//
 
[uncountable]
 
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the illegal activity of buying and officially recording an address on the Internet that is the name of an existing company or a well-known person, with the intention of selling it to the owner in order to make money
cybersquatter
 
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noun Many companies prefer to pay cybersquatters for the right to use their own name rather than risk a court case.
See the Oxford Advanced Learner's Dictionary entry: cybersquatting