CADNA held a preliminary call with founding members earlier in the day to discuss its anti-cybersquatting action timetable. Online opportunists have taken the practice to new heights recently, the group says. Domain name "tasting" and "kiting" are on the rise and have proven costly and disruptive to brand owners (Learn more about this lingo in Technology Daily's PM edition).

The group, which is run by the Internet consulting firm FairWinds Partners, has not unveiled its backers but the roster is expected to include major high-tech firms. Technology Daily was among the first to write about CADNA's formation earlier this year.