. https://www.analyticsinsight.net/machine-learning-for-fraud-prevention/

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MACHINE LEARNING FOR FRAUD PREVENTION
According to a report, fraud cost the worldwide economy £3.2 trillion in 2018. For certain organizations, misfortunes to fraud arrive at over 10% of their total spending. Such enormous misfortunes push organizations to scan for new solutions to avoid, identify, and kill fraud. Machine Learning is the most encouraging innovative weapon to battle financial fraud.
The best innovation for battling fraud is one that can change and adjust as fast as the fraudster’s strategies. That is the thing that makes Machine Learning (ML) framework ideal for battling fraud. At the point when planned ideally, they learn, adjust, and reveal rising trends without the over-adaptation that can result in an excessive number of false positives.
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