The dangers of cybersquatting and how it could hurt your business in 2020

One of the first steps to take as an aspiring business owner or an entrepreneur with a great idea is registering your business with the appropriate authorities. Similarly, in the era of the digital economy, it is important to also register the domain name — a unique name that identifies you on the Internet.

Domain names are of two structures: first is the generic top-level domain (gTLD) such as .com, .net, or .org controlled by the Internet Corporation for Assigned Names and Numbers (ICANN), and the other, country code top-level domain (ccTLD) such as .ng,, or, are under the purview of Nigeria internet Registration Association (NiRA).

Once someone has registered a website domain name with a provider, that name cannot be used by anyone else.

If someone then registers a domain name with your brand, with the intention of phishing or other fraudulent activities, a case could be made for cybersquatting.


Suggested Read: Why you should be concerned about what you do with your smartphones in 2020

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