JOURNAL ARTICLE

Effective fraud detection in e-commerce: Leveraging machine learning and big data analytics

Abstract

Sophisticated cyber-infrastructure and information technology methods are necessary to exploit and analyse the massive amounts of data generated by online transactions. This study introduces a big data platform for online retailers to tackle various issues in the e-commerce industry. Both people and businesses are vulnerable to fraud, which is a worldwide problem. In today's tech-driven society, the battle against fraud has been greatly aided by machine learning (ML) and artificial intelligence (AI). This essay takes a look at the conventional wisdom about fraud prevention and shows how outdated it is when compared to modern fraud techniques. It delves further into the ways in which ML and AI are supporting fast digitization, which in turn revolutionises fraud prevention efforts. Machine learning and artificial intelligence algorithms enable companies to comb through massive amounts of data for patterns and anomalies that could suggest fraudulent activity. In this article, we will explore how machine learning and artificial intelligence may greatly enhance fraud prevention efforts. These technologies can help with advanced data analytics, anomaly detection, and predictive modelling. The text highlights the ways in which these technologies empower organisations to proactively identify and reduce fraud risks, protecting both their operations and stakeholders.

Keywords:
Big data Digitization Exploit Computer science Analytics Anomaly detection Data science Predictive analytics Business intelligence Credit card fraud Artificial intelligence Computer security Knowledge management Credit card World Wide Web Data mining

Metrics

28
Cited By
58.69
FWCI (Field Weighted Citation Impact)
23
Refs
1.00
Citation Normalized Percentile
Is in top 1%
Is in top 10%

Citation History

Topics

Methodology and Impact of Social Science Research
Social Sciences →  Social Sciences →  Sociology and Political Science
Big Data Technologies and Applications
Social Sciences →  Decision Sciences →  Information Systems and Management
Imbalanced Data Classification Techniques
Physical Sciences →  Computer Science →  Artificial Intelligence

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