Research In Motion
Self Organizing Maps (SOMs) are most well-known, unsupervised approach of neural network that is used for clustering and are very efficient in handling large and high dimensional dataset. As SOMs can be applied on large complex set, so it can be implemented to detect credit card fraud. Online banking and ecommerce has been experiencing rapid growth over past years and will show tremendous growth even in future. So, it is very necessary to keep an eye on fraudsters and find out some ways to depreciate the rate of frauds.