Internet fraud is any dishonest misrepresentation of fact intended to induce another to do or refrain from doing something which causes loss. In this context, the fraud will result in obtaining a benefit by:
- altering computer input in an unauthorized way. This requires little technical expertise and is not an uncommon form of theft by employees altering the data before entry or entering false data, or by entering unauthorized instructions or using unauthorized processes;
- altering, destroying, suppressing, or stealing output, usually to conceal unauthorized transactions: this is difficult to detect;
- altering or deleting stored data; or
- altering or misusing existing system tools or software packages, or altering or writing code for fraudulent purposes. This requires real programming skills and is not common.
Manipulating banking systems to make unauthorized identity theft.
Source : wikipedia