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A cybersquatter is someone who has registered another's name or trademark as a domain name with the prospect of selling it to the rightful owner. It's a form of legalised blackmail. They steal your name and use it to damage your business or reputation.

Cybersquatting, the act of registering a name in bad faith, has become one of the major problems facing businesses on the Internet. Although the term Cybersquatting was originally used to describe the act of registering another's trademarked name, the term is commonly used to describe many different forms of bad faith registrations.
i love cyber-squatting....registering trademark names and adding extra words, like microsoftsucks.com, brittneyspearshasbigboobs.com, and monicalewinskiblows.com,
blow-me-brittney-spears.com
cyber-squatter.com
typo-squatting
by blthrskt November 03, 2005
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A person who registers or acquires a domain name that is confusingly similar to a mark in which another person has rights (via a trademark, for instance); provided the cybersquatter is attempting to take advantage of the goodwill of the trademark holder.
The person who registers kitchen.com is probably not a cybersquatter, while a person who registers marthastewartkitchen.com probably is.
by kfd January 30, 2006
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A person who purchases domain names in order to sell them.
That cybersquatter sold drugs.com for one million dollars last year.
by Rachel Smith May 12, 2003
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n: a person who surfs the internet while taking a dump, usually taking longer than needed; v: to cybersquat
Billy, you've been on the pot for over 30 minutes with that 'puter! Your baby sister needs to use the restroom! Quit being a cybersquatter, and git yur chores done!
by eltanko June 07, 2011
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