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Cybersquatting is the act of registering a popular Internet address--usually a company name--with the intent of selling it to its rightful owner. Comparing cybersquatting to online extortion, Senator Spencer Abraham, a Michigan Republican, has introduced to Congress the Anti-Cybersquatting Consumer Protection Act.
Cyber Security is a fast-growing field of IT concerned with reducing organizations' risk of hack or data breach. Commercial, government and non-governmental organizations all employ cybersecurity professionals. However, the use of the term cybersecurity is more prevalent in government job descriptions.