Using Machine Learning In Detecting Cyber Frauds - ONPASSIVE

Several day-to-day chores have gotten significantly simpler because of the extraordinary growth in the usage of smart devices, user-friendly mobile applications, and progressive data/information management solutions. For example, if you ever want to send money to anyone thousands of kilometers away, you may do it in a matter of minutes. However, as things have become easier to accomplish in the digital world, there has been a massive increase in incidents of digital fraud. As a result of the numerous examples of data theft and digital fraud discovered by cyber security, it is now more necessary than ever to implement countermeasures to prevent such incidents while improving fraud detection efficiency. AI and machine learning, according to technology experts, may be used to detect fraud and reduce scams in the healthcare, eCommerce, and finance industries.