cyber-squatting

from The Free On-line Dictionary of Computing (8 July 2008)

cyber-squatting

   <jargon, networking> The practice of registering famous brand
   names as {Internet} {domain names}, e.g. harrods.com, ibm.firm
   or sears.shop, in the hope of later selling them to the
   appropriate owner at a profit.

   (1998-01-22)