Combining Machines and Humans to fight against FRAUD
Online retailers and any payment system operation must be protected against credit card fraud to avoid losses and serious financial risks. Several techniques exist to detect and stop credit card fraud, but some are less effective, and others are highly-priced. So what would be the most effective fraud detection technique to adopt for your business? Well by the end of this article, you will be able to answer this question. Manual review relies primarily on the knowledge of qualified analysts to i...
Credit Card Fraud Detection: Machine learning is the best solution.
As the digital world continues to develop and criminals find ways to take advantage of it, digital security must also constantly evolve. One of the most serious scams today is credit card theft. In 2018, the loss caused by the credit card was $27.85 billion, and estimated that by 2027 this loss will double. Two cases may explain this growth. Fortunately, technology is constantly evolving. AI is proving to be an effective tool to analyze and process vast amounts of credit card data able to class...
