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Interpretable Online Banking Fraud Detection based on Hierarchical Attention Mechanism

Abstract: 

Online banking activities are constantly growing and are likely to become even more common as digital banking platforms evolve. One side effect of this trend is the rise in attempted fraud. However, there is very little work in the literature on online banking fraud detection. We propose an attention based architecture for classifying online banking transactions as either fraudulent or genuine. The proposed method allows transparency to its decision by identifying the most important transactions in the sequence and the most informative features in each transaction. Experiments conducted on a large dataset of real online banking data demonstrate the effectiveness of the method in terms of both classification accuracy and interpretability of the results.

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Paper Details

Authors:
Sarit Kraus, Jacob Goldberger
Submitted On:
25 October 2019 - 9:32am
Short Link:
Type:
Poster
Event:
Presenter's Name:
Idan Achituve
Paper Code:
31
Document Year:
2019
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Interpretable Online Banking Fraud Detection Based on Hierarchical Attention Mechanism-poster.pdf

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[1] Sarit Kraus, Jacob Goldberger, "Interpretable Online Banking Fraud Detection based on Hierarchical Attention Mechanism", IEEE SigPort, 2019. [Online]. Available: http://sigport.org/4894. Accessed: Sep. 20, 2020.
@article{4894-19,
url = {http://sigport.org/4894},
author = {Sarit Kraus; Jacob Goldberger },
publisher = {IEEE SigPort},
title = {Interpretable Online Banking Fraud Detection based on Hierarchical Attention Mechanism},
year = {2019} }
TY - EJOUR
T1 - Interpretable Online Banking Fraud Detection based on Hierarchical Attention Mechanism
AU - Sarit Kraus; Jacob Goldberger
PY - 2019
PB - IEEE SigPort
UR - http://sigport.org/4894
ER -
Sarit Kraus, Jacob Goldberger. (2019). Interpretable Online Banking Fraud Detection based on Hierarchical Attention Mechanism. IEEE SigPort. http://sigport.org/4894
Sarit Kraus, Jacob Goldberger, 2019. Interpretable Online Banking Fraud Detection based on Hierarchical Attention Mechanism. Available at: http://sigport.org/4894.
Sarit Kraus, Jacob Goldberger. (2019). "Interpretable Online Banking Fraud Detection based on Hierarchical Attention Mechanism." Web.
1. Sarit Kraus, Jacob Goldberger. Interpretable Online Banking Fraud Detection based on Hierarchical Attention Mechanism [Internet]. IEEE SigPort; 2019. Available from : http://sigport.org/4894