Credit Card Fraud and

Detection techniques
Objectives

 To understand the different types of credit card fraud

 To distinguish between a Fraud and a default
 To examine how improvement in technology is affecting credit card fraud
 To study and analyse different fraud detection techniques
Outline

 To understand the different types of credit card fraud

• First Party Fraud
• Second Party Fraud
• Third Party Fraud
 To distinguish between a Fraud and a Default
• Difference in intention
• Ability to pay
 To examine how technology is affecting credit card fraud
• EVM Chip technology
• CNP fraud
 To study and analyse different fraud detection techniques
• Decision Tree
• Genetic and other algorithms
• Clustering techniques
• Neural Networks