Cybersquatting, also referred to as domain name squatting, occurs when a person or entity purchases a domain name for the sole purpose of attempting to profit off of the goodwill that was built by another brand. The cybersquatter will often try to take that domain name and sell to the company who owns the related brand, generally at a steep price. If your business has been affected by a cybersquatter, you have legal options. However, these cases are notoriously complex. You need to get your case in the hands of a business law attorney who has experience handling domain name litigation.