V-World Matrix (1999)

"Where forbidden fantasies become deadly reality"

Two friends take a cyber vacation to experience a world where they can act out their virtual fantasies! They soon realize they've entered a virtual free-for-all. Forbidden fantasies and desires suddenly appear in the form of the even deadlier "dark woman". All the players now end up in a cyber battle for their lives, and sanity, against a beautiful virtual hunter who has one killer fixation - winning the deadly game they started!