cybersquatter
noun /ˈsaɪbəskwɒtə(r)/
/ˈsaɪbərskwɑːtər/
- a person who buys and officially records an address on the internet that is the name of an existing company or a well-known person, with the intention of selling it to that company or person
- Many companies prefer to pay cybersquatters for the right to use their own name rather than risk a court case.