November 2018
Intermediate to advanced
322 pages
7h 54m
English
Content preview from TensorFlow Machine Learning Projects
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7: Credit Card Fraud Detection using Autoencoders
The digital world is growing rapidly. We are used to performing many of our daily tasks online, such as booking cabs, shopping on e-commerce websites, and even recharging our phones. For the majority of these tasks, we are used to paying with credit cards. However, it is a known fact that a credit card can be compromised, which could result in a fraudulent transaction. The Nilson report estimates that for every $100 spent, seven cents are stolen. It estimates the total credit card fraud market to be around $30 billion.
Detecting whether a transaction is fraudulent or not is a very impactful data science problem. Every bank that issues credit cards invests in technology to detect fraud and ...
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