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Fraudulent Credit Card Activity Detection Using Adaptive Boosting and Aggregate Voting

this documen is about how to secure the credit cards

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shravanvarma68
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40 views

Fraudulent Credit Card Activity Detection Using Adaptive Boosting and Aggregate Voting

this documen is about how to secure the credit cards

Uploaded by

shravanvarma68
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Fraudulent Credit

Card Activity
Detection Using
Adaptive Boosting
and Aggregate
Voting
Credit card fraud is a growing problem, costing banks and consumers billions
of dollars every year. Machine learning techniques are increasingly being used
to detect fraudulent activity. This presentation explores a new approach that
combines adaptive boosting and aggregate voting to improve the accuracy of
fraud detection.

by shravan sandeep
Overview of Adaptive
Boosting Algorithm

1 Adaptive Boosting 2 Iterative Weighting


(AdaBoost) AdaBoost iteratively adjusts
AdaBoost is a powerful the weights of training
ensemble learning method samples based on their
that combines multiple weak classification performance.
learners to create a strong
learner.

3 Ensemble Prediction
The final prediction is made by aggregating the predictions of all weak
learners.
Aggregate Voting Technique
Majority Vote Weighted Voting Ensemble Strength
Aggregate voting combines the Models with higher accuracy are given This approach helps to reduce variance
predictions of multiple models. more weight. and improve the overall model
robustness.
Feature Engineering for
Fraud Detection
Feature Description

Transaction Amount Value of the transaction

Time of Day Time of transaction

Merchant Category Type of merchant

Location Geographic location of transaction

Purchase History Previous transactions by the


cardholder
Experimental Setup and
Dataset

1 Dataset Collection
We used a publicly available credit card fraud dataset.

2 Data Preprocessing
Data was cleaned, transformed, and normalized.

3 Model Training
We trained our model using the preprocessed data.

4 Model Evaluation
We evaluated the model's performance on a test dataset.
Results and Performance
Evaluation
Accuracy
1 Our model achieved high accuracy in detecting fraudulent
transactions.

Precision
2 The model was able to correctly identify fraudulent transactions
with high precision.

Recall
3 The model was able to capture a high percentage of fraudulent
transactions.
Comparison with Other
Techniques
Decision Trees Support Vector
Our approach outperformed Machines
decision trees in terms of We achieved comparable results
accuracy and recall. to support vector machines, but
with lower computational cost.

Neural Networks
While neural networks can achieve high accuracy, they require a large
amount of data for training.
Conclusion and Future
Work

Improved Performance
The combination of adaptive boosting and aggregate voting resulted in
improved fraud detection performance.

Future Directions
We plan to explore the use of deep learning techniques and real-time streaming
data analysis.

Enhanced Security
Our approach can contribute to safer and more secure online transactions.

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