Chapter 17
Fraud Detection
OUTLINE
Supervised Classification of Fraud
How Are Fraud Detection Systems Built?
Preamble
Fraud can be defined as a criminal activity, involving false representations to gain an unjust advantage (Concise Oxford Dictionary). Fraud occurs in a wide variety of forms and is ever changing as new technologies and new economic and social systems provide new opportunities for fraudulent activity. The total extent of business losses due to fraudulent activities is difficult to ...
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