Credit Card Fraud Prediction Using Machine Learning Model

dc.contributor.advisorWalton, Michael
dc.contributor.authorAlanazi, Mohammed
dc.date.accessioned2024-12-13T09:54:59Z
dc.date.issued2024-08
dc.descriptionTitle: Credit Card Fraud Prediction Using Machine Learning Models Author: Mohammed Falah S. Alanazi Degree: Master of Science in Artificial Intelligence and its Applications Institution: University of Essex Award Date: 26 November 2024 Description: The increasing use of credit cards has brought remarkable convenience to consumers and businesses but has also resulted in a rise in fraudulent activities, posing significant challenges to financial systems. This dissertation presents a comprehensive study on credit card fraud prediction through the application of advanced machine learning models. The research investigates the effectiveness of three prominent algorithms—Logistic Regression, XGBoost, and LightGBM—and introduces a hybrid model that combines their strengths. By addressing the critical challenge of imbalanced datasets, the study employs data preprocessing techniques such as SMOTE (Synthetic Minority Over-sampling Technique) and anomaly detection using Isolation Forest to enhance model performance. The models were rigorously evaluated using accuracy, precision, recall, F1 score, and ROC AUC metrics, demonstrating their ability to effectively detect fraudulent transactions while minimizing false positives. The findings underscore the potential of machine learning in transforming fraud detection systems, offering robust and scalable solutions for financial institutions. This work aims to contribute to the growing body of knowledge in artificial intelligence applications for financial security, promoting innovative methods to combat fraud and enhance trust in digital financial transactions.
dc.description.abstractThe widespread adoption of credit cards has significantly increased the frequency of fraudulent activities. This has resulted in considerable financial losses for both consumers and financial institutions. As the use of credit cards continues to grow, the challenge of protecting transactions against unauthorized access has become more serious than ever. This research focuses on creating a solution using machine learning to accurately and effectively identify fraudulent credit card transactions. It addresses the issue of uneven transaction data by employing advanced methods such as logistic regression, XGBoost, LightGBM, and a hybrid model. The research involves thorough data preparation, model development, and careful assessment using measures “such as accuracy, precision, recall, F1 score, and ROC AUC”. This research leverages sophisticated machine learning techniques and tackles the specific challenges associated with imbalanced data. The study aims to significantly enhance the detection of fraudulent transactions while reducing false positives. The ultimate goal is to boost the security of financial systems, thus providing better protection against fraud, and to improve trust and reliability in credit card transactions.
dc.format.extent30
dc.identifier.urihttps://hdl.handle.net/20.500.14154/74165
dc.language.isoen
dc.publisherUniversity of Essex
dc.subjectCredit Card Fraud
dc.subjectMachine Learning
dc.subjectFraud Detection
dc.subjectLogistic Regression
dc.subjectXGBoost
dc.subjectLightGBM
dc.subjectHybrid Models
dc.subjectImbalanced Datasets
dc.subjectSMOTE (Synthetic Minority Over-sampling Technique)
dc.subjectAnomaly Detection
dc.subjectIsolation Forest
dc.subjectFinancial Security
dc.subjectArtificial Intelligence Applications
dc.subjectDigital Transactions
dc.subjectData Preprocessing
dc.titleCredit Card Fraud Prediction Using Machine Learning Model
dc.typeThesis
sdl.degree.departmentSchool of Computer Science and Electronic Engineering
sdl.degree.disciplineA thesis submitted for the Master of Science degree in Artificial Intelligence and its Applications
sdl.degree.grantorUniversity of Essex
sdl.degree.nameMaster of Science degree in Artificial Intelligence and its Applications

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