Catching Credit Card Fraud

Challenge

  • Transaction datasets contain fewer examples of fraudulent behavior, skewing the data and undermining model performance.
  • Training data is therefore needed from competitors, payment processors, and banks, but trade secrets and privacy concerns impede access.
  • Model training slowed without sufficient data, giving cyber-criminals sufficient time to develop new strategies before existing models can have an impact.

Solution

  • Devron allowed the credit card provider's data scientists to train fraud models on third party sets without accessing the data directly.
  • Diversified data sources minimize skew and enable the company’s models to better prepare to identify edge cases and sophisticated schemes.
  • Recurring model updates to incorporate data as it is generating allow fraud models to stay one step ahead in responding to cybercrime.
Catching Credit Card Fraud
Catching Credit Card Fraud
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