In many cases synthetic data is more suitable than authentic data for the testing and training of fraud detection systems. At the same time synthetic data suffers from some drawbacks originating from the fact that it is indeed synthetic and may not have the realism of authentic data. In order to counter this disadvantage, we have developed a method for generating synthetic data that is derived from authentic data. We identify the important characteristics of authentic data and the frauds we want to detect and generate synthetic data with these properties.
CITATION STYLE
Lundin, E., Kvarnström, H., & Jonsson, E. (2002). A synthetic fraud data generation methodology. In Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) (Vol. 2513, pp. 265–277). Springer Verlag. https://doi.org/10.1007/3-540-36159-6_23
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