“Oh dear, Dennis, here’s another cybersquatted chocolate bar!”
An article over at The Grocer, an electronic publication for the British food producers, cites The Trademark Clearinghouse as the source of a rather bold statement.
According to that source, Britain’s biggest supermarkets, such as Tesco, are at the mercy of ‘cybersquatters‘, who are setting forth to ravage every known gTLD.
Jonathan Robinson, a TMCH consultant, asserted that in 2013 more than $160 million dollars was paid to ‘cybersquatters’ by brand holders, effectively as ransom to buy back their brands.
To further support this outlandish figure, the article mentions a handful of .CO domain registrations, which match the .co.uk where the supermarkets reside.
Surely a bit more research would show that out of 1.5 million .CO registrations, this is just a mere drop in the bucket – even for the typically rainy British weather.
Link to article here.
