Paper Number
2004
Abstract
As fundamental changes in information systems drive digitalization, the heavy reliance on computers today significantly increases the risk of fraud. Existing literature promotes machine learning as a potential solution approach for the problem of fraud detection as it is able able to detect patterns in large datasets efficiently. However, there is a lack of clarity and awareness on which components and functionalities of machine learning-based fraud detection systems exist and how these systems can be classified consistently. We draw on 54 identified relevant machine learning-based fraud detection systems to address this research gap and develop a taxonomic scheme. By deriving three archetypes of machine learning-based fraud detection systems, the taxonomy paves the way for research and practice to understand and advance fraud detection knowledge to combat fraud and abuse.
Recommended Citation
Matschak, Tizian; Trang, Simon; and Prinz, Christoph, "A TAXONOMY OF MACHINE LEARNING-BASED FRAUD DETECTION SYSTEMS" (2022). ECIS 2022 Research Papers. 173.
https://aisel.aisnet.org/ecis2022_rp/173
When commenting on articles, please be friendly, welcoming, respectful and abide by the AIS eLibrary Discussion Thread Code of Conduct posted here.