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Coalition Against Domain Name Abuse to Combat Cybersquatting
WASHINGTON - The Coalition Against Domain Name Abuse. (PRNewsFoto/Coalition Against Domain Name Abuse)
WASHINGTON, DC UNITED STATES
WASHINGTON, July 24 /PRNewswire-USNewswire/ -- The Coalition Against
Domain Name Abuse (CADNA) is announcing the launch of its national campaign against Internet fraud. A non-profit organization based in Washington D.C., CADNA is leading the way in confronting cybersquatting -- the fraudulent abuse of domain name registration that threatens the future viability of Internet commerce.
Although the Anti-Cybersquatting Consumer Protection Act (ACPA) was
introduced in 1999, cybersquatting remains an underestimated threat. The
number of .com domain names alone has doubled since 2003, and the number of cybersquatting disputes being filed with the World Intellectual Property
Organization (WIPO) is on the rise -- up 25% in 2006 from 2005. According
to a recent independent report, cybersquatting increased by 248% in the
past year.
With growing ease and profitability, sophisticated cybersquatters are
exploiting a flaw in the domain name registration process whereby domain
names are registered and subsequently dropped, risk free, within an
accepted 5-day grace period. By abusing this grace period, cybersquatters
"taste" and "kite" domain names in order to test their profitability.
According to a recent industry report, there are over 1 million kited sites
re-registered daily, collectively bringing in $100-125 million in annual
revenue for criminals and profiteers. On the whole, cybersquatting is
costing brand owners worldwide well over $1 billion every year as a result
of diverted sales, the loss of hard-earned trust and goodwill, and the
increasing enforcement expense of protecting consumers from Internet-based
fraud.
Cybersquatters' increasing assault on intellectual property hurts
everyone involved, including consumers and the Internet community at large.
By registering domain names derived from famous brands, cybersquatters are
able to successfully lure consumers into purchasing counterfeit products
(including potentially harmful counterfeit prescription drugs), giving away
their personal information (which could lead to further financial loss) and
unwittingly exposing themselves to spyware deposits. According to the
International AntiCounterfeiting Coalition (IACC), $600 billion was spent
online for counterfeits in 2006. Phishing, a fraud enabled by
cybersquatting, is also growing at an alarming rate. The Internet Crime
Complaint Center, a partnership of the National White Collar Crime Center
and the Federal Bureau of Investigation, found that consumers in the U.S.
reported personal losses of $198.44 million to phishing in 2006.
To effectively combat cybersquatting, CADNA will work at the federal
and international levels to make these fraudulent practices difficult to
establish and unprofitable to maintain. Among the coalition's goals are to
pursue congressional legislation that would increase the statutory damages
set forth by the existing Anti-Cybersquatting Consumer Protection Act, and
to work with World Intellectual Property Organization (WIPO) to introduce
an international anti-cybersquatting treaty. CADNA will place pressure on
ICANN to take decisive action on abuses by domain name registrars and
registrants and close the loophole that affords criminals the opportunity
to "kite" and "taste" domain names.
"As a result of the automation of the registration process and the
monetization of domain name portfolios, the policing burden placed on brand
owners has become almost insurmountable," said Susan Crane, Group Vice
President of Intellectual Property of Wyndham Worldwide. "We have joined
CADNA in this fight because we believe a coalition of companies from across
multiple industries will be a more effective voice to address this issue
than any one company or industry standing alone."
"The countermeasures available to brand owners are too slow and
ineffective to respond to this trend and often too late to prevent damage
to the brands and consumers," said Martin Sutton, Manager of Fraud Risk &
Intelligence at HSBC Holdings plc. "CADNA brings together brand owners that
are concerned with the lack of preventative measures in place to deter
these cybersquatting activities and want to make effective changes in order
to safeguard their IP and protect consumers."
CADNA's membership includes such leading brands as AIG, Dell, Eli
Lilly, Hilton, HSBC, Marriott, Richemont, Verizon, Wyndham, and Yahoo!.
"Our 10 charter members alone spend millions of dollars annually to combat
cybersquatting," said Josh Bourne, President of CADNA.
CADNA welcomes leading brand owners to join in the coalition's efforts
to protect against trademark dilution and extortion, and consumer harms
that cybersquatting affords and enables. "This coalition is organizing to
combat not only domain name tasting, but whatever the next iteration of
cybersquatting turns out to be. CADNA's goals align with all trademark
owners who feel like domain name abuses are spiraling out of control," said
Allison McDade, Trademark Counsel of Dell Inc. With the help of current and
new members, CADNA will raise public awareness and inform policy makers in
Washington and across the United States about the new threats posed by
cybersquatting and the need for decisive action. CADNA will propose
practical solutions to legislators and regulators, and promote the global
harmonization of regulations to make the Internet a less confusing and
safer place for consumers and businesses alike.
SOURCE Coalition Against Domain Name Abuse
----
Peace,
Dan
BTW: The do not think you want to be registering "typos" of this domain: http://www.cadna.org/ ~ LOL
WASHINGTON - The Coalition Against Domain Name Abuse. (PRNewsFoto/Coalition Against Domain Name Abuse)
WASHINGTON, DC UNITED STATES
WASHINGTON, July 24 /PRNewswire-USNewswire/ -- The Coalition Against
Domain Name Abuse (CADNA) is announcing the launch of its national campaign against Internet fraud. A non-profit organization based in Washington D.C., CADNA is leading the way in confronting cybersquatting -- the fraudulent abuse of domain name registration that threatens the future viability of Internet commerce.
Although the Anti-Cybersquatting Consumer Protection Act (ACPA) was
introduced in 1999, cybersquatting remains an underestimated threat. The
number of .com domain names alone has doubled since 2003, and the number of cybersquatting disputes being filed with the World Intellectual Property
Organization (WIPO) is on the rise -- up 25% in 2006 from 2005. According
to a recent independent report, cybersquatting increased by 248% in the
past year.
With growing ease and profitability, sophisticated cybersquatters are
exploiting a flaw in the domain name registration process whereby domain
names are registered and subsequently dropped, risk free, within an
accepted 5-day grace period. By abusing this grace period, cybersquatters
"taste" and "kite" domain names in order to test their profitability.
According to a recent industry report, there are over 1 million kited sites
re-registered daily, collectively bringing in $100-125 million in annual
revenue for criminals and profiteers. On the whole, cybersquatting is
costing brand owners worldwide well over $1 billion every year as a result
of diverted sales, the loss of hard-earned trust and goodwill, and the
increasing enforcement expense of protecting consumers from Internet-based
fraud.
Cybersquatters' increasing assault on intellectual property hurts
everyone involved, including consumers and the Internet community at large.
By registering domain names derived from famous brands, cybersquatters are
able to successfully lure consumers into purchasing counterfeit products
(including potentially harmful counterfeit prescription drugs), giving away
their personal information (which could lead to further financial loss) and
unwittingly exposing themselves to spyware deposits. According to the
International AntiCounterfeiting Coalition (IACC), $600 billion was spent
online for counterfeits in 2006. Phishing, a fraud enabled by
cybersquatting, is also growing at an alarming rate. The Internet Crime
Complaint Center, a partnership of the National White Collar Crime Center
and the Federal Bureau of Investigation, found that consumers in the U.S.
reported personal losses of $198.44 million to phishing in 2006.
To effectively combat cybersquatting, CADNA will work at the federal
and international levels to make these fraudulent practices difficult to
establish and unprofitable to maintain. Among the coalition's goals are to
pursue congressional legislation that would increase the statutory damages
set forth by the existing Anti-Cybersquatting Consumer Protection Act, and
to work with World Intellectual Property Organization (WIPO) to introduce
an international anti-cybersquatting treaty. CADNA will place pressure on
ICANN to take decisive action on abuses by domain name registrars and
registrants and close the loophole that affords criminals the opportunity
to "kite" and "taste" domain names.
"As a result of the automation of the registration process and the
monetization of domain name portfolios, the policing burden placed on brand
owners has become almost insurmountable," said Susan Crane, Group Vice
President of Intellectual Property of Wyndham Worldwide. "We have joined
CADNA in this fight because we believe a coalition of companies from across
multiple industries will be a more effective voice to address this issue
than any one company or industry standing alone."
"The countermeasures available to brand owners are too slow and
ineffective to respond to this trend and often too late to prevent damage
to the brands and consumers," said Martin Sutton, Manager of Fraud Risk &
Intelligence at HSBC Holdings plc. "CADNA brings together brand owners that
are concerned with the lack of preventative measures in place to deter
these cybersquatting activities and want to make effective changes in order
to safeguard their IP and protect consumers."
CADNA's membership includes such leading brands as AIG, Dell, Eli
Lilly, Hilton, HSBC, Marriott, Richemont, Verizon, Wyndham, and Yahoo!.
"Our 10 charter members alone spend millions of dollars annually to combat
cybersquatting," said Josh Bourne, President of CADNA.
CADNA welcomes leading brand owners to join in the coalition's efforts
to protect against trademark dilution and extortion, and consumer harms
that cybersquatting affords and enables. "This coalition is organizing to
combat not only domain name tasting, but whatever the next iteration of
cybersquatting turns out to be. CADNA's goals align with all trademark
owners who feel like domain name abuses are spiraling out of control," said
Allison McDade, Trademark Counsel of Dell Inc. With the help of current and
new members, CADNA will raise public awareness and inform policy makers in
Washington and across the United States about the new threats posed by
cybersquatting and the need for decisive action. CADNA will propose
practical solutions to legislators and regulators, and promote the global
harmonization of regulations to make the Internet a less confusing and
safer place for consumers and businesses alike.
SOURCE Coalition Against Domain Name Abuse
----
Peace,
Dan
BTW: The do not think you want to be registering "typos" of this domain: http://www.cadna.org/ ~ LOL
