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Domain sniper

 

A person or company that buys expired domain names, usually in the hope of selling them back to their original owners for a profile. Domain snipers take advantage of the fact that domain name must be renewed periodically by their original registrants, many of whom forget to do so or erroneously assume that they own the name. Once a registration lapses the name becomes available for anyone to buy. In some countries, it is estimated that the number of new ones, making the sniping business potentially lucrative for those prepared to seek them out. Some unscrupulous snipers redirect visitors expecting to see the old website to a more embarrassing or offensive one, in the hope  of persuading recalcitrant businesses to pay up.

short of invoking expensive intellectual property right litigation, there is no clear defence against domain snipers other than making sure that registration fees are paid on time. Some name registrars have a grace period during which the name may not be resold to anyone except its original owner. (See cybersquatting.)

 
 
 
 
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