Credit Card Fraud Detection using Boosted Random Forest Algorithm

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dc.contributor.advisor Chagwiza, W.
dc.contributor.advisor Garira,W.
dc.contributor.author Mashamba, Thanganedzo Beverly
dc.date 2023
dc.date.accessioned 2023-11-16T20:41:19Z
dc.date.available 2023-11-16T20:41:19Z
dc.date.issued 2023-10-05
dc.identifier.citation Mashamba, T. B. (2023).Credit Card Fraud Detection using Boosted Random Forest Algorithm. University of Venda, Thohoyandou, South Africa.<http://hdl.handle.net/11602/2651>.
dc.identifier.uri http://hdl.handle.net/11602/2651
dc.description MSc (e-Science) en_ZA
dc.description Department of Mathematical and Computational Sciences
dc.description.abstract Financial fraud is a growing concern with far-reaching concerns in financial institutions, government, and corporate organizations, leading to substantial monetary losses. The primary cause of financial loss is credit card fraud; it affects issuers and clients, which is a significant threat to the business as clients will run to their competitors, wherein they will feel secure. Solving fraud problems is beyond human capability, so financial institutions can utilize machine learning algorithms to detect fraudulent behaviour by learning through credit card transactions. This thesis develops the boosted random forest, integrating an adaptive boosting algorithm into a random forest algorithm, such that the performance of a model is improved in predicting credit card fraudulent transactions. The confusion matrix is used to evaluate the performance of the models, wherein random forest, adaptive boosting and boosted random forest were compared. The results indicated that the boosted random forest outperformed the individual models with an accuracy of 99.9%, which corresponded with the results from confusion matrix. However random forest and adaptive boosting had 100% and 99% respectively, which did not correspond to the results on confusion matrix, meaning the individual models need to be more accurate. Thus, by implementing the proposed approach to a credit card management system, financial loss will be reduced to a greater extent. en_ZA
dc.description.sponsorship National e-Science Postgraduate Teaching and Training Platform (NEPTTP) en_ZA
dc.format.extent 1 online resource (viii, 60 leaves)
dc.language.iso en en_ZA
dc.relation.requires PDF
dc.rights University of Venda
dc.subject Adaptive boosting en_ZA
dc.subject Credit card en_ZA
dc.subject Evaluation matrices en_ZA
dc.subject Fraud en_ZA
dc.subject Random forest en_ZA
dc.subject.ddc 332.10684
dc.subject.lcsh Credit card fraud
dc.subject.lcsh Credit cards -- Forgeries
dc.subject.lcsh Commercial crimes
dc.subject.lcsh Fraud
dc.subject.lcsh Bank fraud
dc.title Credit Card Fraud Detection using Boosted Random Forest Algorithm en_ZA
dc.type Dissertation en_ZA

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