A Survey on Fraud Detection Techniques in Ecommerce

Abstract

E-commerce becomes popular for online shopping, banking, financial institution and government. Fraudulent activity exits in many areas of businesses and our daily life. Such activities are most prevalent in telecommunication, credit card fraud detection, network intrusion, finance and insurance and scientific applications, Billions of dollars are loss every day due to the increase in the number of credit card transactions by using online as well as offline. To design potent and efficient fraud detection algorithms is the key for reducing the losses in transaction. There were numerous approaches have been implemented for the fraud detection. This paper shows the approaches used in fraud detection in e-commerce.