Security

Fraud Detection in Credit Card System Using Web Mining

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Executive Summary

Now-a-day the usage of credit cards has dramatically increased. As credit card becomes the most popular mode of payment for both online as well as regular purchase, cases of fraud associated with it are also rising. Various techniques like classification, clustering and a priori of web mining will be integrated to represent the sequence of operations in credit card transaction processing and show how it can be used for the detection of frauds. Initially, web mining techniques trained with the normal behavior of a cardholder. If an incoming credit card transaction is not accepted by the web mining model with sufficiently high probability, it is considered to be fraudulent.

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