Fraud Detection
Fraud detection is the process of identifying and preventing fraudulent activities in a system or organization. In data science and artificial intelligence, fraud detection involves the use of statistical models and machine learning algorithms to analyze large amounts of data and identify patterns that indicate fraudulent behavior. These models can be trained on historical data to learn what fraudulent activity looks like and then applied to new data in real-time to detect potential fraud. Fraud detection can be applied in various industries such as finance, insurance, and e-commerce to prevent financial losses and protect customers from fraudulent activities.
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