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Which of the following better describes Cyber Squatting?
Cyber police group on 24 x 7 shift monitoring users who were already filed earlier for a cyber security cases
Attacker attempting to uncover useful information from a popular domain name
Purchasing related domain names of a popular trademark to sell them to the trademark owner at an inflated price.
Randomly scanning internet to determine popular domains which can be potential targets.
Cybersquatting (also known as domain squatting), according to the United States federal law known as the Anticybersquatting Consumer Protection Act, is registering, trafficking in, or using an Internet domain name with bad faith intent to profit from the goodwill of a trademark belonging to someone else. The cybersquatter then offers to sell the domain to the person or company who owns a trademark contained within the name at an inflated price.
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