A semantic rule based digital fraud detection

PeerJ Computer Science

Abid Khan¹  Kainat Ansar²  Adeel Anjum²  Muhammad Talha²  Mansoor Ahmed²  Cal B. Muckley³ 

[1] Department of Computer Science, Aberystwyth University, Aberystwyth, UK;Department of Computer Science, COMSATS University Islamabad, Islamabad, Pakistan;UCD College of Business and Geary Institute, Dublin, Ireland;

关键词: Digital fraud;    Semantic web;    Knowledge base;    Alert model;    Database;   

DOI  :  10.7717/peerj-cs.649

来源: DOAJ

【 摘 要 】

Digital fraud has immensely affected ordinary consumers and the finance industry. Our dependence on internet banking has made digital fraud a substantial problem. Financial institutions across the globe are trying to improve their digital fraud detection and deterrence capabilities. Fraud detection is a reactive process, and it usually incurs a cost to save the system from an ongoing malicious activity. Fraud deterrence is the capability of a system to withstand any fraudulent attempts. Fraud deterrence is a challenging task and researchers across the globe are proposing new solutions to improve deterrence capabilities. In this work, we focus on the very important problem of fraud deterrence. Our proposed work uses an Intimation Rule Based (IRB) alert generation algorithm. These IRB alerts are classified based on severity levels. Our proposed solution uses a richer domain knowledge base and rule-based reasoning. In this work, we propose an ontology-based financial fraud detection and deterrence model.

【 授权许可】

Unknown