Real Time Fraud Detection System using Machine Learning and DM Technique

Real Time Fraud Detection System using Machine Learning and DM Technique
Author(s):
KAVITHA V, BHOOMIKA S, HARSHAVARDHANA DODDAMANI
Keywords:
Frauds, Financial Detection, Auditing, Worldwide.
Abstract
There is a loss of billions of dollars worldwide each year because of frauds happening in financial sectors. There is a problem with internal auditing system of financial sectors because of which there is a need for fraud detection. This paper gives the details about fraud detection in financial sectors using machine learning and data mining techniques. Bayesian and K-means algorithms are used for fraud detection here.
Article Details
Unique Paper ID: 148098 Publication Volume & Issue: Volume 5, Issue 12 Page(s): 356 - 360
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International Journal of Innovative Research in Technology