Trademark registrations dwindle as the economic recession continues
June 10, 2009
Brand Names, Domain Names, Intellectual Property News, Trade Marks ™ ®
Fewer trademark registrations are filed worldwide as companies try to cut costs during the economic recession. It is an extremely dangerous method of doing business, especially if exporting manufactured goods. Although it may be a short term solution, doing business without going the route of trademark registrations, can mean huge losses in future. With no grounds for protection you will have nothing to go on when infringements of your brand takes place. Especially now with typo squatting being a reality on the Internet and more and more counterfeit products floating the market, it is indeed dangerous. Economists and lawyers recommend going the slightly more expensive route of trademark registrations even during hard times, to prevent future losses.
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Can typo squatting lead to imprisonment?
June 10, 2009
Copyright ©, Domain Names, Intellectual Property News, Trade Marks ™ ®
Typo squatting can certainly lead to imprisonment. One man was jailed in 2004 for typo squatting. John Zuccarini served a term of 30 months for registering typo squatting sites leading innocent internet users to children porn sites. According to Zuccarini he made more than a million dollars a year with his typo squatting. The problem of typo squatting is said to become worse in future with the adding of more extensions such as .art, .mus etc. This highlights the security risk for users who may enter their usernames and passwords at typo squatting sites resembling legitimate banks. Once the user has typed the information the typo squatter will immediately know what bank and account to target. He will also have the access details and will be able to withdraw or transfer money while the poor user is still at the typo squatting site trying to make a transaction.
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