This paper is published in Volume-5, Issue-2, 2019
Area
Data Science
Author
Vaishnave Jonnalagadda, Priya Gupta, Eesita Sen
Org/Univ
SRM Institute of Science and Technology, Chennai, Tamil Nadu, India
Pub. Date
25 April, 2019
Paper ID
V5I2-2081
Publisher
Keywords
Random forest algorithm, Criminal transactions, Credit card

Citationsacebook

IEEE
Vaishnave Jonnalagadda, Priya Gupta, Eesita Sen. Credit card fraud detection using Random Forest Algorithm, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Vaishnave Jonnalagadda, Priya Gupta, Eesita Sen (2019). Credit card fraud detection using Random Forest Algorithm. International Journal of Advance Research, Ideas and Innovations in Technology, 5(2) www.IJARIIT.com.

MLA
Vaishnave Jonnalagadda, Priya Gupta, Eesita Sen. "Credit card fraud detection using Random Forest Algorithm." International Journal of Advance Research, Ideas and Innovations in Technology 5.2 (2019). www.IJARIIT.com.

Abstract

This Project is focused on credit card fraud detection in real-world scenarios. Nowadays credit card frauds are drastically increasing in number as compared to earlier times. Criminals are using fake identity and various technologies to trap the users and get the money out of them. Therefore, it is very essential to find a solution to these types of frauds. In this proposed project we designed a model to detect the fraud activity in credit card transactions. This system can provide most of the important features required to detect illegal and illicit transactions. As technology changes constantly, it is becoming difficult to track the behavior and pattern of criminal transactions. To come up with the solution one can make use of technologies with the increase of machine learning, artificial intelligence and other relevant fields of information technology, it becomes feasible to automate this process and to save some of the intensive amounts of labor that is put into detecting credit card fraud. Initially, we will collect the credit card usage data-set by users and classify it as trained and testing dataset using a random forest algorithm and decision trees. Using this feasible algorithm, we can analyze the larger data-set and user provided current data-set. Then augment the accuracy of the result data. Proceeded with the application of processing of some of the attributes provided which can find affected fraud detection in viewing the graphical model of data visualization. The performance of the techniques is gauged based on accuracy, sensitivity, and specificity, precision. The results is indicated concerning the best accuracy for Random Forest are unit 98.6% respectively.