26
Jul
stored in: Tech News
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Big names in business such as Yahoo Inc., Dell Inc., and Marriott International are lobbying Congress for stricter laws targeting online scammers who are profiting off their brand names.
As a team united as the Coalition Against Domain Name Abuse, ten companies have hired a lawyer to encourage federal lawmakers to crack down against those who claim web addresses or domain names that include - or resemble - company trademarks.
The coalition estimates that so-called cybersquatting costs companies worldwide more than $1 billion annually in diverted customer sales and enforcement expenses.