Typo squatting is when a domain is purchased and published solely because it is a typographical error of an existing domain. Think: micrpspft.com, tatget.com, legaltypst.com.
The squatted domain owner puts up content based on their intent – from making it look as close to the original as possible to try and capture credit card and other confidential information to downloading malicious code onto visitor’s computers. Since these are independent domains, the owners can make the pages look and act any way they wish.
As illustrated in the clip below from the Tech Republic blog post,Three ways to prevent data leakage due to typo-squatting, nowadays, one small typo isn’t just embarassing, it can wreak havoc with your digital security.