Washington - The Coalition Against Domain Name Abuse (CADNA) said that it has launched a national campaign against cybersquatting -- the fraudulent abuse of domain name registration.

The organization said that sophisticated cybersquatters are increasingly exploiting a flaw in the domain name registration process that allows them to register domain names derived from famous brands, then test their profitability during a five-day grace period before dropping them.

CADNA said that most domain names kept by cybersquatters are used to post pay-per-click advertisements, bringing in $100-$125 million in annual revenue, while costing brand owners more than $1 billion a year in diverted sales and enforcement expenses.

Through its efforts, CADNA said that it plans to pursue congressional legislation that would increase the penalties of the existing Anti-Cybersquatting Consumer Protection Act, as well as work with the World Intellectual Property Organization (WIPO) to introduce an international anti-cybersquatting treaty.

CADNA has 10 charter members, including Dell, Hilton, Marriott, Verizon and Yahoo.

Related Links:
http://www.cadna.org/press-release-july-24.html   

http://www.cadna.org