Fraud Detection in Credit Card using Machine Learning.
DOI:
https://doi.org/10.5281/zenodo.6372596Abstract
The fast expansion of the e-commerce Sector has
resulted in an exponential rise in the usage of credit cards for
the online purchases, resulting in an increase in fraud. The
bank does seem to have trouble discovering suspicious
transactions. Credit card fraud is recognized via machine
learning. Different types of machine learning methods are
used by the bank to predict these purchases, collecting data
history to predict fraud opportunities. The data-set
sampling technique, variable selection, and detection
algorithms are all used, and they all have a significant impact
on the performance of credit card fraud detection in
transactions. The efficacy of logistic regression a machine
learning algorithm is used for finding the forgery in credit
card in this work. A credit card transaction data set was
gathered via Kaggle, and it comprises a total of 2,84,808
credit card transactions from a European bank. It classifies
fraudulent transactions as "positive class" and authentic
transactions as "negative class." The data set is substantially
skewed, with around 0.172% of transactions are under
forgery and the remainder being legitimate. Oversampling is
used to measure an unbalanced set of data, resulting in 70%
fraudulent activities and 30% legal activities. The database is
under three modes, and the process is completed with Colab.
Strategic sensitivity, clarity, accuracy, and error rate are all
considered when evaluating their effectiveness. The
accuracy of the reversal of objects is 92.0 percent, which is
very high. According to the findings of this study, logistic
regression can be used with a high degree of accuracy. Credit
Card Fraud, Machine Learning, Attributes, Algorithms,
Accuracy — Colab, Credit Card Fraud, Machine Learning,
Attributes, Algorithms, Accuracy