Cloud-driven Fraud Detection: Evaluating Decision Tree and Random Forest Classifiers for Credit Card Transaction Security

Year : 2024 | Volume :11 | Issue : 01 | Page : 13-27
By

Anjana Verma

Nitya Khare

  1. Assistant Professor Department of Computer Science & Engineering, Sagar Institute of Research & Technology (SIRT), Bhopal Madhya Pradesh India
  2. Assistant Professor Department of Computer Science & Engineering, Sagar Institute of Research & Technology (SIRT), Bhopal Madhya Pradesh India

Abstract

With the alarming rise in global financial fraud, necessitating substantial annual losses, modern techniques for fraud detection are continuously evolving across various business domains. Fraud detection involves constant monitoring of user activities to estimate, perceive, or prevent undesirable behaviour. Cloud Computing emerges as a promising solution, accelerating application deployment, fostering creativity and innovation, reducing costs, and enhancing overall business acumen. This study introduces a cloud-driven approach to fraud detection, specifically tailored for credit card transactions. Leveraging machine learning applications deployed on Google Cloud Engine, the study employs classification techniques on a dataset comprising 284,807 credit card transactions. The chosen techniques adeptly process both numerical and categorical datasets. Decision tree and random forest classifiers are implemented for classification, and their performance is meticulously evaluated and compared through various metrics. The findings highlight the efficacy of the proposed cloud-driven strategy, shedding light on the comparative performance of decision tree and random forest classifiers in bolstering the security of credit card transactions. This research contributes valuable insights to the ongoing endeavours aimed at fortifying fraud detection mechanisms, providing a nuanced understanding for organizations grappling with the intricate challenges posed by fraudulent activities in the contemporary digital landscape.

Keywords: Cloud computing, private cloud, machine learning application, security, SSH (Secure Shell)

[This article belongs to Recent Trends in Parallel Computing(rtpc)]

How to cite this article: Anjana Verma, Nitya Khare. Cloud-driven Fraud Detection: Evaluating Decision Tree and Random Forest Classifiers for Credit Card Transaction Security. Recent Trends in Parallel Computing. 2024; 11(01):13-27.
How to cite this URL: Anjana Verma, Nitya Khare. Cloud-driven Fraud Detection: Evaluating Decision Tree and Random Forest Classifiers for Credit Card Transaction Security. Recent Trends in Parallel Computing. 2024; 11(01):13-27. Available from: https://journals.stmjournals.com/rtpc/article=2024/view=138860


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Regular Issue Subscription Review Article
Volume 11
Issue 01
Received January 25, 2024
Accepted February 1, 2024
Published April 4, 2024