Identification of Fraudulent Online Transactions and Protection: State-of-art Techniques
Akshat Gaurav, Brij Bhooshan Gupta · ESIC Digital Economy and Innovation Journal · 2022
In this digital era, the trend of online transactions for E-commerce sites and banking services is increasing. By using different online transaction methods users can make payments directly from their bank accounts. But along with the increase of online transactions, there is an increase in fraudulent transactions. These fraudulent transitions have identical features and characteristics of online transactions, so there is a need for the development of frameworks or technologies to detect fraudulent transactions. In this context, this paper represents a survey of the latest frameworks and techniques proposed by the researchers for the identification of fraudulent transactions and securing online transactions.