Typosquatting is also called URL hijacking. It is a form of cybersquatting which relies on mistakes such as typographical errors made by Internet users when inputting a website address into a web browser. 

Typosquatting is commonly used by hackers in phishing attacks to steal credentials for legitimate business websites by misdirecting users to clicking on look-alike domains, landing on an identically formatted website, and providing the hackers your login credentials which they steal.
For example:  K-M-A-R-T.com could be typosquatted by someone who registers the domain K-R-N-A-R-T.com
When viewed this way the similarity is striking:  Kmart.com and Krnart.com

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