A new approach for detecting credit card fraud transaction

Cho, Do X; Phong, Dang Ngoc; Duy Phuong, Nguyen

doi:10.22075/ijnaa.2023.27720.3686

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	A new approach for detecting credit card fraud transaction
International Journal of Nonlinear Analysis and Applications
مقاله 13، دوره 14، شماره 5، مرداد 2023، صفحه 133-146 اصل مقاله (858.91 K)
نوع مقاله: Research Paper
شناسه دیجیتال (DOI): 10.22075/ijnaa.2023.27720.3686
نویسندگان
Do X Cho^* ¹؛ Dang Ngoc Phong²؛ Nguyen Duy Phuong²
¹Department of Information Security, Posts and Telecommunications Institute of Technology, Hanoi, Vietnam
²Department of Information Technology, Posts and Telecommunications Institute of Technology, Hanoi, Vietnam
تاریخ دریافت: 15 تیر 1401، تاریخ بازنگری: 14 مهر 1401، تاریخ پذیرش: 16 اسفند 1401
چکیده
Nowadays, money transfer through the internet has become so popular because of its convenience and speed which makes users' lives easier. Even so, the safety of these transactions has been threatened by illegal activities causing great difficulty and loss for users. One of those unauthorized actions is fraud through credit cards used for financial transactions on online platforms. Therefore, research in detecting and early warning of fraudulent transactions through credit cards is essential today. In this paper, we propose a new approach for the task of early detection of fraudulent transactions based on a combination of two main methods, behavioral analysis techniques and supervised machine learning algorithms. Specifically, based on the behavioral analysis technique proposed in this paper, we have selected and extracted new features. These are features that have not been reported in previous studies. In addition, for the classification method, we propose to use a new advanced supervised machine learning algorithm, XGBoost. This is a newly researched and proposed machine learning algorithm. Based on the proposed approach in this paper, we have not only succeeded in synthesizing, analyzing and extracting the anomalous behavior of fraudulent transactions but also improved the efficiency of detecting suspicious transactions. Some experimental scenarios proposed in the paper have proven that our proposal in this paper is not only meaningful in terms of science but also in practical terms when the results of the paper have been proven more effective than some other approaches.
کلیدواژه‌ها
Fraud detection؛ Anomaly behavior؛ Feature engineering؛ Class imbalance؛ Machine learning؛ XGBoost

مراجع
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A new approach for detecting credit card fraud transaction