Friday, 7 April 2017
Cybersquatting increasing in new gTLDs & .COM : WIPO
The number of disputes compared to the total number of domain names registered are small however still a significant increase creating unwanted costs for trademark owners. A large part of the increase is attributed to the new gTLDs. New gTLDs disputes rose to 16% of WIPO’s 2016 caseload while, according to the most recent Domain Name Industry Brief from Verisign, they represent represented 7.2% of total domain name registrations at the end of 2016.
ccTLDs accounted for some 14% of WIPO filings, with 74 national domain registries adopting the WIPO dispute resolution service.
The top sectors of complainant activity were banking and finance (12% of all cases), fashion (9%), heavy industry and machinery (9%), internet and IT (8%), biotechnology and pharmaceuticals (7%) and retail (7%). Philip Morris leads the list of filers – 67 cases – followed by AB Electrolux (51) and Hugo Boss, LEGO, and Michelin (42 each).