Enhancing Cyber Fraud Detection Using Machine Learning Algorithms

This research explores the enhancement of cyber fraud detection through the application of machine learning algorithms. As cyber threats continue to evolve in sophistication and frequency, traditional detection methods often fall short in identifying and mitigating fraudulent activities. This study examines various machine learning techniques, including supervised and unsupervised learning models, to improve detection accuracy and response times. By analyzing large datasets from diverse sources, the research identifies key features that contribute to fraudulent behavior, enabling the development of predictive models that can adapt to new patterns. Results indicate that advanced algorithms, such as Random Forest, Gradient Boosting, and Neural Networks, significantly outperform conventional methods in terms of precision, recall, and overall effectiveness.

Authors

Publication Details

Journal
Computer Fraud & Security
Published
2024-12-01
DOI
https://doi.org/10.52710/cfs.48
Primary Topic
Imbalanced Data Classification Techniques
Type
article
Field-Weighted Citation Impact
0.00
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article

Enhancing Cyber Fraud Detection Using Machine Learning Algorithms

Namrata Verma
Computer Fraud & Security
Imbalanced Data Classification Techniques
article

Enhancing Cyber Fraud Detection Using Machine Learning Algorithms

Namrata Verma
article en

Abstract

This research explores the enhancement of cyber fraud detection through the application of machine learning algorithms. As cyber threats continue to evolve in sophistication and frequency, traditional detection methods often fall short in identifying and mitigating fraudulent activities. This study examines various machine learning techniques, including supervised and unsupervised learning models, to improve detection accuracy and response times. By analyzing large datasets from diverse sources, the research identifies key features that contribute to fraudulent behavior, enabling the development of predictive models that can adapt to new patterns. Results indicate that advanced algorithms, such as Random Forest, Gradient Boosting, and Neural Networks, significantly outperform conventional methods in terms of precision, recall, and overall effectiveness.

Computer Fraud & Security
Openalex Percentile: Top 76%
Imbalanced Data Classification Techniques
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