Cybersquatting cases rise to record levels in 2008: UN

March 17th, 2009 - 3:53 pm ICT by IANS  

Geneva, March 17 (Xinhua) Cybersquatting or abusive registration of internet domain names rose to record levels in 2008, the World Intellectual Property Organisation (WIPO) has said.
A total of 2,329 complaints of cybersquatting, an eight percent increase compared to 2007, were filed by trademark holders last year, the UN agency said in a statement Monday.

“Cybersquatting remains a serious issue for trademark holders,” said Francis Gurry, WIPO’s director general.

According to the agency, complaints of cybersquatting will continue to increase in the future. In order to tackle the problem, WIPO has proposed a completely electronic dispute-resolution procedure.

In 2008, cybersquatting cases covered a wide variety of sectors, reflecting prevailing public interest, business activity and upcoming events (For example Singapore flyer observation wheel, Madrid 2016 Olympic bid, among others).

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