Fraud Detection in Online Transactions Using Machine Learning and Data Analytics.
Year: 2025
Type: article
Abstract: With the growing dependence on digital transactions, financial institutions and e-commerce platforms face significant challenges in combating fraudulent activities. This research investigates the role of machine learning and data analytics in identifying fraud patterns in online transactions. Several regression and classification models were analyzed, including ensemble techniques like Random Forest, Gradient Boosting, and Extra Trees Regressor, alongside traditional methods such as Logistic Regression, Support Vector Machines (SVM), and K-Nearest Neighbors (KNN). The findings indicate that ensemble models consistently outperform conventional approaches, delivering higher accuracy and better R² scores. This study underscores the effectiveness of advanced ML techniques in fraud detection and highlights the necessity of real-time model optimization for enhanced security. Future research should focus on improving hyperparameter tuning and real-time deployment to further enhance fraud detection efficiency.
Institution: University of Mumbai
Language: English
Subfield: Artificial Intelligence
Field: Computer Science
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4407851973