Cyberfraud refers to any type of deliberate deception for unfair or unlawful gain that occurs online. The most common form is online credit card theft. Other common forms of monetary cyberfraud include nondelivery of paid products purchased through online auctions and nondelivery of merchandise or software bought online.

Cyberfraud also refers to data break-ins, identity theft, and cyberbullying, all of which are seriously damaging.

NetLingo Classification: Online Business