Open AccessIsolation Forest and Local Outlier Factor for Credit Card Fraud Detection System
Author(s) -
V. Vijayakumar,
N Divya,
P. Sarojini,
K. Sonika
Publication year - 2020
Publication title -
international journal of engineering and advanced technology
Language(s) - English
Resource type - Journals
ISSN - 2249-8958
DOI - 10.35940/ijeat.d6815.049420
Subject(s) - local outlier factor , credit card , outlier , identification (biology) , computer science , random forest , payment , anomaly detection , isolation (microbiology) , data mining , artificial intelligence , machine learning , botany , world wide web , microbiology and biotechnology , biology
Fraud identification is a crucial issue facing large economic institutions, which has caused due to the rise in credit card payments. This paper brings a new approach for the predictive identification of credit card payment frauds focused on Isolation Forest and Local Outlier Factor. The suggested solution comprises of the corresponding phases: pre-processing of data-sets, training and sorting, convergence of decisions and analysis of tests. In this article, the behavior characteristics of correct and incorrect transactions are to be taught by two kinds of algorithms local outlier factor and isolation forest. To date, several researchers identified different approaches for identifying and growing such frauds. In this paper we suggest analysis of Isolation Forest and Local Outlier Factor algorithms using python and their comprehensive experimental results. Upon evaluating the dataset, we received Isolation Forest with high accuracy compared to Local Outlier Factor Algorithm