Fraud Analysis Approaches in the Age of Big Data - A Review of State of the Art
Sara Makki, Rafiqul Haque, Yéhia Taher, Zainab Assaghir, Gregory Ditzler, Mohand-Saïd Hacid, Hassan Zeineddine · 2017
Fraud is a criminal practice for illegitimate gain of wealth or tampering information. Fraudulent activities are of critical concern because of their severe impact on organizations, communities as well as individuals. Over the last few years, various techniques from different areas such as data mining, machine learning, and statistics have been proposed to deal with fraudulent activities. Unfortunately, the conventional approaches display several limitations, which were addressed largely by advanced solutions proposed in the advent of Big Data. In this paper, we present fraud analysis approaches in the context of Big Data. Then, we study the approaches rigorously and identify their limits by exploiting Big Data analytics.