INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
Technological improvements have enabled a massive and constant influx of real-time data that can be utilised to optimise every part of a financial institution, from client targeting to cybersecurity. On the other hand, the shift to digital banking has brought with it a slew of cybersecurity problems and fraud dangers. According to Boston Consulting Group, financial services firms are 300 times more likely than other businesses to be victims of a cyberattack.
It has prompted businesses that deal with massive data sets to incorporate fraud detection technologies into their risk management strategies. 75% of responders who have integrated AI and machine learning in their risk management strategies employ Big Data analytics for fraud detection.
For decades, fraud has been a persistent issue for businesses and organisations. With the growth of digital technologies and online transactions, fraud has grown even more frequent and sophisticated. In recent years, Big Data Analytics has emerged as a significant tool for fraud detection and prevention
Keywords:
Big Data, Security, Threat, Privacy, Fraud.
Cite Article:
"Big data analytics for fraud detection:tools and techniques ", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 4, page no.b375-b381, April-2023, Available :http://www.ijnrd.org/papers/IJNRD2304142.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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