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The insurance industry has been creating innovative products around the emerging online shopping activities. Such e-commerce insurance is designed to protect buyers from potential risks such as impulse purchases and counterfeits. Fraudulent…

Cryptography and Security · Computer Science 2020-03-13 Cen Chen , Chen Liang , Jianbin Lin , Li Wang , Ziqi Liu , Xinxing Yang , Xiukun Wang , Jun Zhou , Yang Shuang , Yuan Qi

Financial forensics has an important role in the field of finance to detect and investigate the occurrence of finance related crimes like money laundering. However, as with other forms of criminal activities, the forensics analysis of such…

Cryptography and Security · Computer Science 2023-03-10 Jonathan Pan

Fraud detection is extremely critical for e-commerce business. It is the intent of the companies to detect and prevent fraud as early as possible. Existing fraud detection methods try to identify unexpected dense subgraphs and treat related…

Machine Learning · Computer Science 2020-11-09 Yuxiang Ren , Hao Zhu , Jiawei Zhang , Peng Dai , Liefeng Bo

Accounting fraud is a global concern representing a significant threat to the financial system stability due to the resulting diminishing of the market confidence and trust of regulatory authorities. Several tricks can be used to commit…

Machine Learning · Statistics 2018-05-09 Maria Jofre , Richard Gerlach

Credit card plays a very important rule in today's economy. It becomes an unavoidable part of household, business and global activities. Although using credit cards provides enormous benefits when used carefully and responsibly,significant…

Cryptography and Security · Computer Science 2016-11-22 SamanehSorournejad , Zahra Zojaji , Reza Ebrahimi Atani , Amir Hassan Monadjemi

Card transaction fraud is a growing problem affecting card holders worldwide. Financial institutions increasingly rely upon data-driven methods for developing fraud detection systems, which are able to automatically detect and block…

Applications · Statistics 2020-05-07 Sebastiaan Höppner , Bart Baesens , Wouter Verbeke , Tim Verdonck

The rise of digital payments has accelerated the need for intelligent and scalable systems to detect fraud. This research presents an end-to-end, feature-rich machine learning framework for detecting credit card transaction anomalies and…

On electronic game platforms, different payment transactions have different levels of risk. Risk is generally higher for digital goods in e-commerce. However, it differs based on product and its popularity, the offer type (packaged game,…

Machine Learning · Computer Science 2017-09-21 Bokai Cao , Mia Mao , Siim Viidu , Philip S. Yu

Fraudulent claim detection is one of the greatest challenges the insurance industry faces. Alibaba's return-freight insurance, providing return-shipping postage compensations over product return on the e-commerce platform, receives…

Cryptography and Security · Computer Science 2020-03-02 Chen Liang , Ziqi Liu , Bin Liu , Jun Zhou , Xiaolong Li , Shuang Yang , Yuan Qi

Providers of online marketplaces are constantly combatting against problematic transactions, such as selling illegal items and posting fictive items, exercised by some of their users. A typical approach to detect fraud activity has been to…

Social and Information Networks · Computer Science 2020-12-23 Shun Kodate , Ryusuke Chiba , Shunya Kimura , Naoki Masuda

The expansion of the electronic commerce, together with an increasing confidence of customers in electronic payments, makes of fraud detection a critical factor. Detecting frauds in (nearly) real time setting demands the design and the…

Distributed, Parallel, and Cluster Computing · Computer Science 2017-09-27 Fabrizio Carcillo , Andrea Dal Pozzolo , Yann-Aël Le Borgne , Olivier Caelen , Yannis Mazzer , Gianluca Bontempi

This paper introduces a Machine Learning-Driven website Platform and Browser Extension designed to quickly enhance online security by providing real-time risk scoring and fraud detection for website legitimacy verification and consumer…

Cryptography and Security · Computer Science 2024-11-04 Md Kamrul Hasan Chy , Obed Nana Buadi

Donations to charity-based crowdfunding environments have been on the rise in the last few years. Unsurprisingly, deception and fraud in such platforms have also increased, but have not been thoroughly studied to understand what…

Computers and Society · Computer Science 2020-07-01 Beatrice Perez , Sara R. Machado , Jerone T. A. Andrews , Nicolas Kourtellis

Fraudulent transactions and how to detect them remain a significant problem for financial institutions around the world. The need for advanced fraud detection systems to safeguard assets and maintain customer trust is paramount for…

Machine Learning · Computer Science 2023-12-22 Tomisin Awosika , Raj Mani Shukla , Bernardi Pranggono

Anomaly detection has a wide range of real-world applications, such as bank fraud detection and cyber intrusion detection. In the past decade, a variety of anomaly detection models have been developed, which lead to big progress towards…

Machine Learning · Computer Science 2022-02-17 Shuhan Yuan , Xintao Wu

This study explores the application of anomaly detection (AD) methods in imbalanced learning tasks, focusing on fraud detection using real online credit card payment data. We assess the performance of several recent AD methods and compare…

Machine Learning · Computer Science 2023-12-22 Hugo Thimonier , Fabrice Popineau , Arpad Rimmel , Bich-Liên Doan , Fabrice Daniel

In this paper, we present an automated feature engineering based approach to dramatically reduce false positives in fraud prediction. False positives plague the fraud prediction industry. It is estimated that only 1 in 5 declared as fraud…

Artificial Intelligence · Computer Science 2017-10-30 Roy Wedge , James Max Kanter , Santiago Moral Rubio , Sergio Iglesias Perez , Kalyan Veeramachaneni

Money laundering has become one of the most relevant criminal activities in modern societies, as it causes massive financial losses for governments, banks and other institutions. Detecting such activities is among the top priorities when it…

This work presents a fraud and abuse detection framework for streaming services by modeling user streaming behavior. The goal is to discover anomalous and suspicious incidents and scale the investigation efforts by creating models that…

Machine Learning · Computer Science 2022-03-07 Soheil Esmaeilzadeh , Negin Salajegheh , Amir Ziai , Jeff Boote

With the deepening of the digitization degree of financial business, financial fraud presents more complex and hidden characteristics, which poses a severe challenge to the risk prevention and control ability of financial institutions. At…

Computational Engineering, Finance, and Science · Computer Science 2024-05-08 Xinye Sha