Enhancing Online Fraud Detection: Leveraging Machine Learning and Behavioral Indicators for Improved Accuracy and Real-Time Detection
Fraud detection remains a critical challenge in financial security, requiring robust and efficient methodologies to identify fraudulent transactions accurately. This study presents a comprehensive evaluation of machine learning (ML) models for fraud detection, emphasizing the role of behavioral indi...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2025-01-01
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| Series: | EPJ Web of Conferences |
| Online Access: | https://www.epj-conferences.org/articles/epjconf/pdf/2025/13/epjconf_icetsf2025_01003.pdf |
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| Summary: | Fraud detection remains a critical challenge in financial security, requiring robust and efficient methodologies to identify fraudulent transactions accurately. This study presents a comprehensive evaluation of machine learning (ML) models for fraud detection, emphasizing the role of behavioral indicators in enhancing model performance. A comparative analysis of traditional and advanced ML models, including Logistic Regression, Decision Tree, Random Forest, Support Vector Machine (SVM), Artificial Neural Networks (ANN), and LightGBM, was conducted using real-world fraud detection datasets. LightGBM, the proposed model, outperformed other methods, achieving the highest ROC-AUC (0.981), F1-score (0.902), and lowest false positive rate (0.006). The study also highlights the importance of feature selection, class imbalance handling, and real-world applicability by discussing computational efficiency and deployment challenges. These findings contribute to the growing body of fraud detection research by offering a practical, scalable, and high-accuracy ML approach for real-time fraud prevention systems. |
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| ISSN: | 2100-014X |