Review Article Open Access November 19, 2022

Analyzing Behavioral Trends in Credit Card Fraud Patterns: Leveraging Federated Learning and Privacy-Preserving Artificial Intelligence Frameworks

1
Assistant Vice President, US Bank, Denver, Colorado, USA
2
Data Engineering Lead, Microsoft, USA
Page(s): 38-49
Received
July 16, 2022
Revised
September 23, 2022
Accepted
October 28, 2022
Published
November 19, 2022
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright: Copyright © The Author(s), 2022. Published by Scientific Publications
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Cite This Article

APA Style
Sondinti, L. R. K. , & Yasmeen, Z. (2022). Analyzing Behavioral Trends in Credit Card Fraud Patterns: Leveraging Federated Learning and Privacy-Preserving Artificial Intelligence Frameworks. Current Research in Public Health, 2(1), 38-49. https://doi.org/10.31586/ujbm.2022.1224
ACS Style
Sondinti, L. R. K. ; Yasmeen, Z. Analyzing Behavioral Trends in Credit Card Fraud Patterns: Leveraging Federated Learning and Privacy-Preserving Artificial Intelligence Frameworks. Current Research in Public Health 2022 2(1), 38-49. https://doi.org/10.31586/ujbm.2022.1224
Chicago/Turabian Style
Sondinti, Lakshminarayana Reddy Kothapalli, and Zakera Yasmeen. 2022. "Analyzing Behavioral Trends in Credit Card Fraud Patterns: Leveraging Federated Learning and Privacy-Preserving Artificial Intelligence Frameworks". Current Research in Public Health 2, no. 1: 38-49. https://doi.org/10.31586/ujbm.2022.1224
AMA Style
Sondinti LRK, Yasmeen Z. Analyzing Behavioral Trends in Credit Card Fraud Patterns: Leveraging Federated Learning and Privacy-Preserving Artificial Intelligence Frameworks. Current Research in Public Health. 2022; 2(1):38-49. https://doi.org/10.31586/ujbm.2022.1224
@Article{crph1224,
AUTHOR = {Sondinti, Lakshminarayana Reddy Kothapalli and Yasmeen, Zakera},
TITLE = {Analyzing Behavioral Trends in Credit Card Fraud Patterns: Leveraging Federated Learning and Privacy-Preserving Artificial Intelligence Frameworks},
JOURNAL = {Current Research in Public Health},
VOLUME = {2},
YEAR = {2022},
NUMBER = {1},
PAGES = {38-49},
URL = {https://www.scipublications.com/journal/index.php/UJBM/article/view/1224},
ISSN = {2831-5162},
DOI = {10.31586/ujbm.2022.1224},
ABSTRACT = {We investigate and analyze the trends and behaviors in credit card fraud attacks and transactions. First, we perform logical analysis to find hidden patterns and trends, then we leverage game-theoretical models to illustrate the potential strategies of both the attackers and defenders. Next, we demonstrate the strength of industry-scale, privacy-preserving artificial intelligence solutions by presenting the results from our recent exploratory study in this respect. Furthermore, we describe the intrinsic challenges in the context of developing reliable predictive models using more stringent protocols, and hence the need for sector-specific benchmark datasets, and provide potential solutions based on state-of-the-art privacy models. Finally, we conclude the paper by discussing future research lines on the topic, and also the possible real-life implications. The paper underscores the challenges in creating robust AI models for the banking sector. The results also showcase that privacy-preserving AI models can potentially augment sharing capabilities while mitigating liability issues of public-private sector partnerships [1].},
}
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%A Sondinti, Lakshminarayana Reddy Kothapalli
%A Yasmeen, Zakera
%D 2022
%J Current Research in Public Health

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%M doi:10.31586/ujbm.2022.1224
%U https://www.scipublications.com/journal/index.php/UJBM/article/view/1224
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T2  - Current Research in Public Health
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UR  - https://www.scipublications.com/journal/index.php/UJBM/article/view/1224
AB  - We investigate and analyze the trends and behaviors in credit card fraud attacks and transactions. First, we perform logical analysis to find hidden patterns and trends, then we leverage game-theoretical models to illustrate the potential strategies of both the attackers and defenders. Next, we demonstrate the strength of industry-scale, privacy-preserving artificial intelligence solutions by presenting the results from our recent exploratory study in this respect. Furthermore, we describe the intrinsic challenges in the context of developing reliable predictive models using more stringent protocols, and hence the need for sector-specific benchmark datasets, and provide potential solutions based on state-of-the-art privacy models. Finally, we conclude the paper by discussing future research lines on the topic, and also the possible real-life implications. The paper underscores the challenges in creating robust AI models for the banking sector. The results also showcase that privacy-preserving AI models can potentially augment sharing capabilities while mitigating liability issues of public-private sector partnerships [1].
DO  - Analyzing Behavioral Trends in Credit Card Fraud Patterns: Leveraging Federated Learning and Privacy-Preserving Artificial Intelligence Frameworks
TI  - 10.31586/ujbm.2022.1224
ER  -