A Comprehensive Survey of Fraud Detection Techniques

Abstract

To overcome the financial loss and threat, fraud detection is a must. New theories and many techniques have been introduced to overcome the fraud. Fraud detection techniques monitor the behavior of the user and inform the user if any harmful event occurs. These modern techniques help to lessen the fraud and unwanted behavior. Some techniques have lacking in some cases, so there are many studies and experiments to improve new methods to detect fraud detection. This paper is about a wide-ranging survey about different kinds of modern techniques used for computer intrusion, credit card fraud, telecommunication fraud and insurance fraud. The main goal of this paper is to assess most common and useful techniques used for different kinds of fraud detection now-a-days.