For every legit website on the net, there's bound to be another used for phishing or some other malicious intent. While typically less dangerous than a phishing site, cybersquatting is still a problem that continues to grow. In fact, according to the World Intellectual Property Organization (WIPO), last year the complaints they received regarding cybersquatting reached a record high, with near to a 50% increase compared to 2005.
The top categories for cybersquatters targeting legit websites includes to no one's surprise, banking. Usually, cybersquatting cases actually brought to WIPO's attention end up in favor of the legit company complaining, diminishing somewhat the effects of such practice. With the ease and low cost of domain registration, though, it's bound to continue to be a tricky problem for the foreseeable future.