8 Basic approaches to graph-powered fraud detection

 

This chapter covers

  • An introduction to types of fraud in different domains
  • The role of graphs in modeling data to reveal frauds faster and more easily
  • Using a simple graph model to fight fraud

According to Van Vlasselaer et al. [2017]:

Fraud is an uncommon, well-considered, time-evolving, carefully organized and imperceptibly concealed crime that appears in many different types and forms.

This definition highlights six characteristics of fraud that are associated with the challenges related to developing a fraud detection system:

8.1 Fraud prevention and detection

8.2 The role of graphs in fighting fraud

8.3 Warm-up: Basic approaches

8.3.1 Finding the origin point of credit card fraud

8.3.2 Identifying a fraud ring

8.3.3 Advantages of the graph approach

Summary

References