Yih Bing Chu^*, Zhi Min Lim, Bryan Keane, Ping Hao Kong, Ahmed Rafat Elkilany, Osama Hisham Abusetta

Journal of Cyber Security, Vol.5, pp. 33-46, 2023, DOI:10.32604/jcs.2023.045422

Abstract The proliferation of digital payment methods facilitated by various online platforms and applications has led to a surge in financial fraud, particularly in credit card transactions. Advanced technologies such as machine learning have been widely employed to enhance the early detection and prevention of losses arising from potentially fraudulent activities. However, a prevalent approach in existing literature involves the use of extensive data sampling and feature selection algorithms as a precursor to subsequent investigations. While sampling techniques can significantly reduce computational time, the resulting dataset relies on generated data and the accuracy of the pre-processing machine learning models employed. Such… More >

Yalong Xie¹, Aiping Li^1,*, Biyin Hu², Liqun Gao¹, Hongkui Tu¹

CMC-Computers, Materials & Continua, Vol.76, No.3, pp. 2707-2726, 2023, DOI:10.32604/cmc.2023.037039

Abstract Credit Card Fraud Detection (CCFD) is an essential technology for banking institutions to control fraud risks and safeguard their reputation. Class imbalance and insufficient representation of feature data relating to credit card transactions are two prevalent issues in the current study field of CCFD, which significantly impact classification models’ performance. To address these issues, this research proposes a novel CCFD model based on Multifeature Fusion and Generative Adversarial Networks (MFGAN). The MFGAN model consists of two modules: a multi-feature fusion module for integrating static and dynamic behavior data of cardholders into a unified highdimensional feature space, and a balance module… More >

Wang Ning^1,*, Siliang Chen^2,*, Fu Qiang², Haitao Tang², Shen Jie²

CMC-Computers, Materials & Continua, Vol.74, No.3, pp. 5951-5965, 2023, DOI:10.32604/cmc.2023.035558

Abstract With the popularity of online payment, how to perform credit card fraud detection more accurately has also become a hot issue. And with the emergence of the adaptive boosting algorithm (Adaboost), credit card fraud detection has started to use this method in large numbers, but the traditional Adaboost is prone to overfitting in the presence of noisy samples. Therefore, in order to alleviate this phenomenon, this paper proposes a new idea: using the number of consecutive sample misclassifications to determine the noisy samples, while constructing a penalty factor to reconstruct the sample weight assignment. Firstly, the theoretical analysis shows that… More >

Yiğit Kültür, Mehmet Ufuk Çağlayan

Intelligent Automation & Soft Computing, Vol.24, No.4, pp. 807-817, 2018, DOI:10.1080/10798587.2017.1342415

Abstract Because credit card fraud costs the banking sector billions of dollars every year, decreasing the losses incurred from credit card fraud is an important driver for the sector and end-users. In this paper, we focus on analyzing cardholder spending behavior and propose a novel cardholder behavior model for detecting credit card fraud. The model is called the Cardholder Behavior Model (CBM). Two focus points are proposed and evaluated for CBMs. The first focus point is building the behavior model using single-card transactions versus multi-card transactions. As the second focus point, we introduce holiday seasons as spending periods that are different… More >

Yong Fang¹, Yunyun Zhang², Cheng Huang^1,*

CMC-Computers, Materials & Continua, Vol.61, No.1, pp. 185-195, 2019, DOI:10.32604/cmc.2019.06144

Abstract In recent years, the rapid development of e-commerce exposes great vulnerabilities in online transactions for fraudsters to exploit. Credit card transactions take a salient role in nowadays’ online transactions for its obvious advantages including discounts and earning credit card points. So credit card fraudulence has become a target of concern. In order to deal with the situation, credit card fraud detection based on machine learning is been studied recently. Yet, it is difficult to detect fraudulent transactions due to data imbalance (normal and fraudulent transactions), for which Smote algorithm is proposed in order to resolve data imbalance. The assessment of… More >