Exploring Data Science Techniques for Fraud Detection
Journal: International Journal of Computer Science and Mobile Computing - IJCSMC (Vol.13, No. 11)Publication Date: 2024-11-30
Authors : Naveen Bagam;
Page : 6-27
Keywords : Fraud Detection; Data Science; Machine Learning; Imbalanced Data; Anomaly Detection; Model Evaluation; Explainable AI; Regulatory Compliance;
Abstract
Fraud detection has become increasingly critical as online transactions and digital interactions proliferate across industries. This paper explores advanced data science methodologies and machine learning algorithms for identifying fraudulent activities in real-time, addressing challenges like data imbalance, feature engineering, and model evaluation. It provides insights into traditional and emerging fraud detection techniques and emphasizes future directions for research and implementation. Key findings and ethical considerations are also discussed.
Other Latest Articles
- An Understanding of the New SARS-Cov-2 Variant-Arcturus, A Subvariant of Omicron |Biomedgrid
- Mechanisms of VSMC Proliferation, Migration, and Phenotypic Transformation in Homocysteine-Induced Atherosclerosis: A Review |Biomedgrid
- Study on Aspects of Bodybuilding and Fitness Practitioners’ Motivation and Weight Training Routine |Biomedgrid
- “Alternative for Germany” against German trade unions: A political “right hook”
- Russian-Chinese cooperation in the field of defense and security: Achievements, challenges, managerial aspects
Last modified: 2024-11-26 22:26:54