Domain names have become highly competitive because they are such a large part of any brand's identity. There are over 300 million registered domains on the internet, and this grows by 25 million each year.
If you own the trademark to a certain name, but the domain associated with that name is owned by another owner, you may find yourself in a dispute. Many organizations and individuals now purchase domains that they deem to be good investments, in the hope of making a profit in the long-term. Those who have obtained valuable brand domains in the past were known as cyber squatters because they asked for huge amounts of money from the brand owner in return for the domain.