Credit Card Fraud Detection Using Self-Organizing Maps
Vladimir Zaslavsky, Анна Стрижак · Information & Security An International Journal · 2006
Nowadays, credit card fraud detection is of great importance to financial institutions.This article presents an automated credit card fraud detection system based on the neural network technology.The authors apply the Self-Organizing Map algorithm to create a model of typical cardholder's behavior and to analyze the deviation of transactions, thus finding suspicious transactions.