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The presence of label noise often misleads the training of deep neural networks. Departing from the recent literature which largely assumes the label noise rate is only determined by the true label class, the errors in human-annotated…

Machine Learning · Computer Science 2021-03-31 Zhaowei Zhu , Tongliang Liu , Yang Liu

The UK anti-fraud charity Fraud Advisory Panel (FAP) in their review of 2016 estimates business costs of fraud at 144 billion, and its individual counterpart at 9.7 billion. Banking, insurance, manufacturing, and government are the most…

Machine Learning · Computer Science 2022-05-11 Tuan Tran

Data economy relies on data-driven systems and complex machine learning applications are fueled by them. Unfortunately, however, machine learning models are exposed to fraudulent activities and adversarial attacks, which threaten their…

Machine Learning · Computer Science 2023-07-06 Danele Lunghi , Alkis Simitsis , Olivier Caelen , Gianluca Bontempi

Payment card fraud causes multibillion dollar losses for banks and merchants worldwide, often fueling complex criminal activities. To address this, many real-time fraud detection systems use tree-based models, demanding complex feature…

Machine Learning · Computer Science 2020-06-18 Bernardo Branco , Pedro Abreu , Ana Sofia Gomes , Mariana S. C. Almeida , João Tiago Ascensão , Pedro Bizarro

Telecommunication fraud is an acute problem that leads to substantial material losses and compromises the reliability of telecom systems worldwide. Only effective and efficient detection mechanisms can help to deal with these threats,…

Networking and Internet Architecture · Computer Science 2026-05-25 Praveen Hegde , Mishal Shah

Fraud detection remains a critical task in high-stakes domains such as finance and e-commerce, where undetected fraudulent transactions can lead to significant economic losses. In this study, we systematically compare the performance of…

Machine Learning · Computer Science 2025-09-19 Chao Wang , Chuanhao Nie , Yunbo Liu

With online payment platforms being ubiquitous and important, fraud transaction detection has become the key for such platforms, to ensure user account safety and platform security. In this work, we present a novel method for detecting…

Machine Learning · Computer Science 2020-03-30 Longfei Li , Ziqi Liu , Chaochao Chen , Ya-Lin Zhang , Jun Zhou , Xiaolong Li

In this work, we define cost-free learning (CFL) formally in comparison with cost-sensitive learning (CSL). The main difference between them is that a CFL approach seeks optimal classification results without requiring any cost information,…

Machine Learning · Computer Science 2013-07-23 Xiaowan Zhang , Bao-Gang Hu

Real-world applications that involve missing values are often constrained by the cost to obtain data. Test-cost sensitive, or costly feature, methods additionally consider the cost of acquiring features. Such methods have been extensively…

Machine Learning · Computer Science 2020-10-09 Seung Gyu Hyun , Christopher Leung

Class imbalance is a common problem in the case of real-world object detection and classification tasks. Data of some classes is abundant making them an over-represented majority, and data of other classes is scarce, making them an…

Computer Vision and Pattern Recognition · Computer Science 2017-03-24 Salman H. Khan , Munawar Hayat , Mohammed Bennamoun , Ferdous Sohel , Roberto Togneri

Predictive models are often used for real-time decision making. However, typical machine learning techniques ignore feature evaluation cost, and focus solely on the accuracy of the machine learning models obtained utilizing all the features…

Machine Learning · Computer Science 2014-08-19 Leilani Battle , Edward Benson , Aditya Parameswaran , Eugene Wu

Recent years have witnessed impressive robotic manipulation systems driven by advances in imitation learning and generative modeling, such as diffusion- and flow-based approaches. As robot policy performance increases, so does the…

As online fraud becomes more sophisticated and pervasive, traditional fraud detection methods are struggling to keep pace with the evolving tactics employed by fraudsters. This paper explores the transformative role of machine learning in…

Machine Learning · Computer Science 2024-10-29 Md Kamrul Hasan Chy

In the faceless world of the Internet,online fraud is one of the greatest reasons of loss for web merchants.Advanced solutions are needed to protect e businesses from the constant problems of fraud.Many popular fraud detection algorithms…

Networking and Internet Architecture · Computer Science 2010-06-15 P. Srinivasulu , J. Ranga Rao , I. Ramesh Babu

We consider the problem of sequentially making decisions that are rewarded by "successes" and "failures" which can be predicted through an unknown relationship that depends on a partially controllable vector of attributes for each instance.…

Machine Learning · Statistics 2017-09-18 Yingfei Wang , Chu Wang , Warren Powell

Machine learning plays an essential role in preventing financial losses in the banking industry. Perhaps the most pertinent prediction task that can result in billions of dollars in losses each year is the assessment of credit risk (i.e.,…

Risk Management · Quantitative Finance 2021-01-01 Jillian M. Clements , Di Xu , Nooshin Yousefi , Dmitry Efimov

Label noise will degenerate the performance of deep learning algorithms because deep neural networks easily overfit label errors. Let X and Y denote the instance and clean label, respectively. When Y is a cause of X, according to which many…

Machine Learning · Statistics 2022-06-06 Yu Yao , Tongliang Liu , Mingming Gong , Bo Han , Gang Niu , Kun Zhang

Credit card fraud poses a significant threat to the economy. While Graph Neural Network (GNN)-based fraud detection methods perform well, they often overlook the causal effect of a node's local structure on predictions. This paper…

Machine Learning · Computer Science 2024-11-28 Yifan Duan , Guibin Zhang , Shilong Wang , Xiaojiang Peng , Wang Ziqi , Junyuan Mao , Hao Wu , Xinke Jiang , Kun Wang

We propose a learning setting in which unlabeled data is free, and the cost of a label depends on its value, which is not known in advance. We study binary classification in an extreme case, where the algorithm only pays for negative…

Machine Learning · Computer Science 2015-07-14 Sivan Sabato , Anand D. Sarwate , Nathan Srebro

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
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