Credit Card Fraud: The study of its impact and detection techniques
نویسندگان
چکیده
With the rise and swift growth of E-Commerce, credit card uses for online purchases has increased dramatically and it caused sudden outbreak in the credit card fraud. Fraud is one of the major ethical issues in the credit card industry. With both online as well as regular purchase, credit card becomes the most popular mode of payment with cases of fraud associated with it are also increasing. A clear framework on all these approaches will certainly lead to an efficient credit card fraud detection system. Currently, for simplicity reasons, all the base learners for credit card fraud detection use the same desired distribution. It would be interesting to implement and evaluate the credit card fraud detection system by using very large databases with skewed class distributions and non-uniform cost per error. This paper presents a analysis of cost incurred in credit card fraud detection on data set.
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