Enhancing Fraud Detection and Transaction Security Through Optimized Pattern Recognition Using LSTM Networks
摘要
The fast growth of credit cards has sharply increased fraud cases. Conventional ways to detect fraud often do not pick up on time and transaction data patterns, when sensing affects other. Research on how LSTM networks may help uncover fraud. LSTMs are used for sequential data, e.g., language and music. Tests show that using our LSTM model 96.13% is a lot better than standard methods in use today. The model’s capacity to change to new scam patterns enhances its usefulness while reducing false positive and negative cases. The LSTM network result demonstrates the adaptability of the LSTM networks in allowing financial institutions to lessen losses and aid in conducting safe transactions.