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Found this Wall Street Journal article via Sahar’s blog today:
Web-Address Theft Is Everyday Event
Short or Memorable Domain Names Can Fetch Millions of Dollars
Like real-world theft, the hijacking of an Internet address can happen quickly and with little warning.
(…)
Experts say the theft of Internet domain names occurs every day. The thieves — taking advantage of companies that have either let down their guard or failed to take adequate precautions — are often after financial gain, since short or memorable domains can be sold for millions of dollars and generate Web traffic and online-advertising revenue. Some domain hijackers are former employees or others looking to extract payments or take revenge.
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