Online Banking Fraud Detection by Hidden Markov Model

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Provided by: International Journal of Engineering Associates
Topic: Security
Format: PDF
In this modern world of where technology is increasing rapidly the use of credit card is increasing day by day. It is the medium that is used at a wide scale because it is easy to use and portable. Credit card is used for online shopping payment, online billing etc. But as the usage increases, the risk of fraud is a factor that cannot be avoided. In the existing system, the fraud is detected after the transaction takes place. By the time the victim realizes the user money is gone and it takes time to find the person.
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