{"title":"Detection of Credit Card Fraud with Artificial Neural Networks","authors":"Ferhat YEŞİLYURT, Hasan TEMURTAŞ, Çiğdem BAKIR","doi":"10.58190/icat.2023.15","DOIUrl":null,"url":null,"abstract":"Along with the Internet, digital technologies are frequently used in every moment of our lives. Many transactions that we carry out in monetary terms such as shopping in our daily life are now done digitally. With the developing digitalization in the world, people's lives become easier and people can access different products in a short time. In particular, people can spend and shop quickly and easily without carrying cash in their pockets with a credit card. However, with the increase in the use of credit cards, there are also some security vulnerabilities. Fraudsters can gain unfair advantage by obtaining certain credit card information such as passwords. They can shop with someone else's credit card without permission. These transactions cause substantial financial damage to individuals and institutions. With the increase in the use of credit cards with the developing technology, such credit card fraud is also increasing rapidly. Taking precautions against credit card fraud is a very important issue in order to ensure the safety of people. For this reason, in order to ensure the security of both banks and financial institutions that provide credit card services, it is necessary to prevent credit card fraud and to detect fraud that may occur in credit cards within the scope of combating fraud. In our study, Artificial Neural Networks were used to detect credit card fraud transactions. A prediction model has been developed to detect fraud in credit card transactions with ANN. Using the Credit Card data set obtained from the Kaggle database, modeling was done with the Feed Forward Artificial Neural Network method. The aim of this study is to automatically detect abnormal behaviors made with credit cards. 98.44% success was achieved with feedforward artificial neural network.","PeriodicalId":20592,"journal":{"name":"PROCEEDINGS OF THE III INTERNATIONAL CONFERENCE ON ADVANCED TECHNOLOGIES IN MATERIALS SCIENCE, MECHANICAL AND AUTOMATION ENGINEERING: MIP: Engineering-III – 2021","volume":"95 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"PROCEEDINGS OF THE III INTERNATIONAL CONFERENCE ON ADVANCED TECHNOLOGIES IN MATERIALS SCIENCE, MECHANICAL AND AUTOMATION ENGINEERING: MIP: Engineering-III – 2021","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.58190/icat.2023.15","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
Along with the Internet, digital technologies are frequently used in every moment of our lives. Many transactions that we carry out in monetary terms such as shopping in our daily life are now done digitally. With the developing digitalization in the world, people's lives become easier and people can access different products in a short time. In particular, people can spend and shop quickly and easily without carrying cash in their pockets with a credit card. However, with the increase in the use of credit cards, there are also some security vulnerabilities. Fraudsters can gain unfair advantage by obtaining certain credit card information such as passwords. They can shop with someone else's credit card without permission. These transactions cause substantial financial damage to individuals and institutions. With the increase in the use of credit cards with the developing technology, such credit card fraud is also increasing rapidly. Taking precautions against credit card fraud is a very important issue in order to ensure the safety of people. For this reason, in order to ensure the security of both banks and financial institutions that provide credit card services, it is necessary to prevent credit card fraud and to detect fraud that may occur in credit cards within the scope of combating fraud. In our study, Artificial Neural Networks were used to detect credit card fraud transactions. A prediction model has been developed to detect fraud in credit card transactions with ANN. Using the Credit Card data set obtained from the Kaggle database, modeling was done with the Feed Forward Artificial Neural Network method. The aim of this study is to automatically detect abnormal behaviors made with credit cards. 98.44% success was achieved with feedforward artificial neural network.