AWS launches AI tool to help businesses tackle online fraud

Amazon Web Services (AWS) has announced the general availability of Fraud Detector, a machine learning-powered service that helps organisations to tackle fraudulent activity. First launched at Amazon Re:invent last December, Fraud Detector uses the same technology that Amazon employs to fight fraudulent activity on its e-commerce marketplace. The tool requires no machine learning expertise, according to AWS, with Fraud Detector providing a selection of ready-made fraud detection AI templates that cover different use cases. To train their model, organisations simply upload historical data covering both fraudulent and legitimate transactions to AWS S3. Businesses with more advanced requirements can use their own models with the service using an integration with SageMaker, Amazon's managed AI platform.