Enhancing Online Fraud Detection: Leveraging Machine Learning and Behavioral Indicators for Improved Accuracy and Real-Time Detection
Year: 2025
Type: conference-paper
Abstract: Fraud detection remains a critical challenge in financial security, requiring robust and efficient methodologies to identify fraudulent transactions accurately. This study presents a comprehensive evaluation of machine learning (ML) models for fraud detection, emphasizing the role of behavioral indicators in enhancing model performance. A comparative analysis of traditional and advanced ML models, including Logistic Regression, Decision Tree, Random Forest, Support Vector Machine (SVM), Artificial Neural Networks (ANN), and LightGBM, was conducted using real-world fraud detection datasets. LightGBM, the proposed model, outperformed other methods, achieving the highest ROC-AUC (0.981), F1-score (0.902), and lowest false positive rate (0.006). The study also highlights the importance of feature selection, class imbalance handling, and real-world applicability by discussing computational efficiency and deployment challenges. These findings contribute to the growing body of fraud detection research by offering a practical, scalable, and high-accuracy ML approach for real-time fraud prevention systems.
Source: EPJ Web of Conferences
Authors: Prasad Shaha, Vidya Gavekar
Language: English
Subfield: Artificial Intelligence
Field: Computer Science
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4411430412