4 Machine Learning for Anomaly Detection

Abstract

Now for a few days, digitalization has become more common due to the quick, simple and convenient use of ecommerce. People opt for e-shopping and online payment; ease of transportation, etc. As a result, fraud by credit card is on the rise every day. The identification of these frauds and the solution to prevent these frauds is very important. The proposed 'deep learning credit card fraud detection method' is based on various machine learning algorithms. Credit cards have now become very popular every day. As MasterCard is the most common online way to pay for any transaction online, frauds relating to the area unit are that, which means that a number of options are available for unauthorized users / hackers to take advantage of our account. Therefore, the information in your account may lose and customers may suffer from loss of money.