Avail the benefit of Defensive Domain Registrations. These are usually provided at the time of seeking domain registration in the form of most likely domain extensions. However, this still does not solve the problem of gaining access to multiple similar-sounding domain names that are created due to misspelled URLs being typed by online customers. Small businesses may find it hard to gain defensive registrations since it could be a slightly expensive proposition but they should take precaution to Renew their domain names as per the schedule. Failing to do this immediately exposes their domain names to hackers who are constantly tracking such negligent practices.
The most fundamental and effective way of protecting your domain name is through the timely and authenticated Registration of your trade (domain) name. Why? Having a registered trade name, including domain names, means that you are lawfully awarded the ownership of a trademark and this can be effectively used in arguing cases that deal with domain poaching. Registration of domain names isn't very expensive or time-consuming and should be feasible for most small businesses.
Locking transfers is an effective and economical way of securing yourself against domain hijacking. The reputed domain registrars will always offer a facility wherein you can induce a ‘lock’, i.e. a legal restriction on any intended transfers for the domain that has been registered in your name. This prevents you from seeking the services of other shady registrars who could be hijackers/spammers who promote themselves as registrars providing ‘cheap domain names".
Your Contact Information is the single-most prized piece of data for hijackers searching for ways to infringe upon your domain names. At the time of registering your domain, ensure that you provide all your personal and business details through a well-secured medium. Ensure that in case of any change in the contact information, you update it immediately with your registrar.
Even if you are a small business enterprise, it is advised to seek the services of legal attorneys in cases of your domain names being breached. Legal professionals are best-suited to the cause of representing your domain names as your intellectual property/trademark and penalizing defaulters (hijackers/ squatter) who have violated it.