The paper concludes that Precision and Recall must be the minimum reporting standard, and confusion matrices should always ...

There is a growing need for companies to invest in enhancing their security posture to combat data breaches, fraudulent activities and threats. Stolen identity and financial information through data ...

Ever find your palms sweating as you enter your payment info into a merchant site you’ve never used before? It’s a natural response; few financial details are more important than your payment methods ...

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The key challenge in credit card fraud detection lies in the imbalance between legitimate and fraudulent transactions. Fraud ...

A surge in digital payment technologies has been paralleled by an equally rapid increase in credit card fraud. This research field explores multifaceted approaches that combine advanced analytics, ...

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Mastercard unveiled plans to leverage artificial intelligence (AI) in its fraud-detection systems, aiming to detect compromised cards more swiftly before they are exploited by cybercriminals. With its ...

It's a scenario most people have encountered: you try to make a big or unexpected purchase on your credit card, and, at the moment you need it the most, the card gets declined. Sometimes, it's as ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. A recent study projects AI-driven fraud losses could reach $40 billion by ...