Cyber theft is the stealing of financial and/or personal information through the use of computers for making its fraudulent or other illegal use. Now criminals can target victims not in a particular geographic locale; but the whole world can be their target. Some of the most common methods are described below:
· Theft of information: The unauthorized obtaining of information from a computer (such as via “hacking”), including software that is copied for profit.
· The “Salami” fraud: The perpetrator carefully removes small sums from the balances of a large number of accounts and escape detection.
· Software theft: The comparative ease of making copies of computer software has led to a huge illegal market, depriving authors of the software.
· Corporate espionage: A company’s trade secrets are stolen by one of its competitors, which can be either domestic or foreign.