Fight Fraud with Machine Learning cover
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Thank you for purchasing the MEAP for Fight Fraud with Machine Learning.

Machine Learning, also known as Artificial Intelligence (AI), has gained immense popularity in the last decade, especially with recent technological advancements such as ChatGPT. AI will eventually be a part of most if not all softwares. This book is an attempt to help integrate Machine Learning into the world of fraud detection.

Online fraud is, unfortunately, a booming industry. And fraud attacks are being perpetrated in a multitude of ways with ever increasing sophistication. Traditional fraud detection systems are rule-based, which are mediocre in performance, hard to update and require significant manual effort. Machine Learning is a powerful alternative that can create advanced and accurate fraud detection systems which can be trained and updated with minimal manual effort. Such systems are data-hungry and improve as more data is used to train them.

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