Credit Card Fraud Detection using Imbalance Resampling Method with Feature Selection

This research discloses how to utilize machine learning methods for anomaly detection in real-time on a computer network. While utilizing machine learning for this task is definitely not a novel idea, little literature is about the matter of doing it in real-time. Most machine learning research in PC network anomaly detection depends on the KDD '99 data set and means to demonstrate the proficiency of the algorithms introduced. The emphasis on this data set has caused a lack of scientific papers disclosing how to assemble network data, remove features, and train algorithms for use inreal-time networks. It has been contended that utilizing the KDD '99 dataset for anomaly detection is not appropriate for real-time network systems. This research proposes how the data gathering procedure will be possible utilizing a dummy network and generating synthetic network traffic by analyzing the importance of One-class SVM. As the efficiency of k-means clustering and LTSM neural networks is lower than one-class SVM, that is why this research uses the results of existing research of LSTM and k-means clustering for the comparison with reported outcomes of a similar algorithm on the KDD '99 dataset. Precisely, without engaging KDD '99 data set by using synthetic network traffic, this research achieved the higher accuracy as compared to the previous researches.