One of the most difficult challenges in payment card fraud detection is extreme class imbalance. Fraudulent transactions ...
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Machine learning method cuts fraud detection costs by generating accurate labels from imbalanced datasets
Fraud is widespread in the United States and increasingly driven by technology. For example, 93% of credit card fraud now involves remote account access, not physical theft. In 2023, fraud losses ...
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. According to data from the Financial Crimes Enforcement Network (FinCEN)* ...
Research predicted that hacks and data breaches will cost the global economy over $9.5 trillion by the end of 2024. This comes as fraud attempts and phishing attacks are increasing and getting more ...
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