The week's pick
Reseach Article
Advanced Security Model for Detecting Frauds in ATM Transaction
| International Journal of Computer Applications |
| Foundation of Computer Science (FCS), NY, USA |
| Volume 95 - Number 15 |
| Year of Publication: 2014 |
| Authors: Vivek V. Jog, Nilesh R. Pardeshi |
10.5120/16674-6679
|
Vivek V. Jog, Nilesh R. Pardeshi . Advanced Security Model for Detecting Frauds in ATM Transaction. International Journal of Computer Applications. 95, 15 ( June 2014), 47-50. DOI=10.5120/16674-6679
Abstract
ATM card fraud is causing billions of dollars in losses for the card payment industry. In today's world the most accepted payment mode is Debit card for both online and also for regular purchasing; hence frauds related with it are also growing. To find the fraudulent transaction, we implement an Advanced Security Model for ATM payment using Hidden Markov Model (HMM), which detects the fraud by using customers spending behavior. This Security Model is primarily focusing on the normal spending behavior of a cardholder and some advanced securities such as Location, Amount, Time and Sequence of transactions. If the trained Security model identifies any misbehavior in upcoming transaction, then that transaction is permanently blocked until the user enter High Security Alert Password (HSAP). This paper provides an overview of frauds and begins with ATM card statistics and the definition of ATM card fraud. The main outcome of the paper is to ?nd the fraudulent transaction and avoids the fraud before it happens.
References
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