Credit Card Fraud
Credit card fraud is a type of identity theft in which an unauthorized person uses someone else's credit card information to make purchases or withdraw funds from an account. In the context of data science, credit card fraud detection involves using machine learning algorithms to analyze large amounts of transaction data and identify patterns that may indicate fraudulent activity. This can include analyzing factors such as the location of the transaction, the amount of the purchase, and the frequency of transactions. By detecting and preventing fraudulent activity, credit card companies can protect their customers from financial losses and maintain the integrity of their payment systems.
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