Study improves detection of accounting fraud using machine learning.
problem Global concern of accounting fraud threatening financial stability.
method Machine learning methods to differentiate between fraud and non-fraud companies.
result Out-of-sample results suggest great potential in detecting falsified financial statements.
New algorithm improves fraud detection by analyzing financial account relationships.
problem High false positive rates and missed detections in conventional fraud detection systems.
method Personalized PageRank (PPR) algorithm to capture social dynamics of fraud.
result Integrating PPR enhances fraud detection model's predictive power.
Adversarial autoencoder networks detect accounting anomalies in latent space.
problem Detecting fraud in accounting data using handcrafted rules that fail to generalize.
method Adversarial autoencoder neural networks to learn semantic meaningful representations.
result The learned representation improves anomaly detection and interpretability.
TLMG4Eth combines language and graph models for Ethereum fraud detection.
problem Current fraud detection methods fail to consider semantic and similarity patterns in Ethereum transactions.
method TLMG4Eth uses a transaction language model and graph-based methods to capture semantic, similarity, and structural features.
result TLMG4Eth detects anomalies in Ethereum transactions more effectively than existing methods.
Model predicts internal fraud in retail banking is cyclical and influenced by corruption.
problem Predicting and mitigating internal fraud losses in retail banking.
method Developed a dynamic model considering internal factors and macroeconomic indicators.
result Internal fraud losses are pro-cyclical and positively affected by corruption perceptions.
TimeTrail detects financial fraud patterns through temporal correlation analysis.
problem Detecting and explaining complex financial fraud patterns.
method Temporal data enrichment, dynamic correlation analysis, interpretable pattern visualization.
result TimeTrail outperforms conventional methods in accuracy and interpretability.
Study uses stacked generalization to improve fraud detection algorithms.
problem Improving performance of algorithms in imbalanced fraud data sets.
method Two-step process combining machine learning methods and cross-validation.
result Improved performance metrics on resampled fraud data sets.
A new method detects fraud transactions by analyzing user behavior over time.
problem Detecting fraud transactions in online payment platforms.
method A time attention based recurrent layer framework combining static and dynamic user behaviors.
result Our method outperforms state-of-the-art methods, especially in recall at top percent.
The paper examines how insurers can select claims for fraud investigation, proposing a randomized approach.
problem Inconsistent learning from biased claim selection.
method Formalizes selection in binary regression, proposes a randomized alternative, and defines consistency.
result The randomized selection strategy is consistent, while the traditional strategy is not.
New attacks inflate earnings while reducing fraud scores, potentially millions at stake.
problem Manipulating financial reports to hide distress and gain.
method Maximum Violated Multi-Objective (MVMO) attacks that adapt search direction.
result Inflation of earnings by 100-200% while reducing fraud scores by 15% in 50% of cases.
New approach predicts credit default using machine learning and heuristics.
problem Predicting credit default in large datasets with dynamic nature.
method Combined heuristic and machine learning approaches.
result Approaches outperform existing state-of-the-art methods.
Detects organized fraudsters in insurance claims with high precision.
problem Fraudulent insurance claims lead to heavy financial losses.
method Developed a novel data-driven procedure using graph learning algorithms.
result Achieves more than 80% precision in fraud detection.
Accounting frameworks follow stipulations of existing Accounting Theories. This exploratory research sets out to trace the evolution of accounting theories of Charge and Discharge Syndrome and the Corollary of Double Entry. Furthermore, it dives into the theories of Income Determination, garnishing it with areas of div…
Research shows how deepfakes can be used to manipulate accounting systems.
problem The vulnerability of CAATs to adversarial attacks.
method Developed a thread model to camouflage anomalies, used adversarial autoencoder neural networks to learn latent factors, demonstrated misuse of model to generate misleading entries.
result Adversarial autoencoder neural networks can learn and manipulate accounting data to deceive CAATs.
DAMVI algorithm improves imbalanced binary classification by adjusting weights of examples and classifiers.
problem Imbalanced binary classification tasks where minority class is underrepresented.
method DAMVI algorithm increases positive example weights and optimizes classifier weights using PAC-Bayesian C-Bound.
result DAMVI outperforms state-of-the-art models on various imbalanced datasets.
AI-driven framework improves enterprise financial audits and risk identification.
problem Manual auditing is inefficient and limited by data complexity and evolving fraud tactics.
method Machine learning algorithms (SVM, RF, KNN) applied to a dataset of audit project counts, violations, and fraud instances.
result Random Forest achieves best performance with F1-score of 0.9012, identifying fraud and compliance anomalies.
The paper proposes a machine learning framework for detecting DeFi fraud across multiple blockchain chains.
problem Early detection of financial crimes in decentralized finance (DeFi) ecosystems.
method Extracting features from different blockchain chains, employing XGBoost and Neural Network for fraud detection.
result Introduction of novel DeFi-related features significantly improves fraud detection accuracy.
Model detects insurance fraud using social network analysis.
problem Fraudulent insurance claims by exaggeration or intentional damage.
method Network construction linking claims and parties, BiRank algorithm for fraud score computation, feature extraction from network and claims, supervised model building.
result Network features improve fraud detection performance.
New method detects organized eCommerce fraud by clustering orders.
problem Detecting coordinated fraud by groups of fraudsters.
method Scalable categorical clustering using agglomerative clustering and sampling.
result Groups 35-45% of fraudulent orders together, detects 26.2% of fraud with low false alarms.
Paper introduces a fraud detection dataset benchmark.
problem Unique challenges in fraud detection datasets.
method Compilation of publicly available fraud datasets.
result Demonstrates applications of the Fraud Dataset Benchmark.
Study builds labeled shill bidding dataset for auction fraud detection.
problem Difficulty in detecting shill bidding in auctions.
method Hierarchical clustering CURE for systematic labeling of fraud data.
result CURE approach effectively labels shill bidding instances with multidimensional features.
New taxonomy reveals different detection limits for various types of fraud.
problem Existing fraud detection treats all fraud as the same, ignoring its diverse forms.
method Introduced an observation-mechanism taxonomy with five fraud classes.
result Separate estimation by fraud class outperforms pooled estimation.
Interleaved RNNs detect fraud without costly features.
problem Real-time fraud detection in payment cards.
method Use interleaved sequence RNNs for fraud detection.
result Interleaved RNNs outperform state-of-the-art models in fraud detection.
Paper improves fraud detection in imbalanced financial data.
problem Detecting fraud in imbalanced financial datasets.
method Uses time-varying Poisson processes for fraud prediction.
result Method outperforms baseline in imbalanced data.
Graph Neural Networks improve financial fraud detection.
problem Complex financial transactions pose challenges in fraud detection.
method Unified framework of GNN methodologies applied to financial fraud detection.
result GNNs excel at capturing complex relational patterns in financial networks.
This paper tackles credit card fraud detection using graph-based learning methods.
problem Detecting credit card fraud to reduce financial losses.
method Graph p-Laplacian based semi-supervised learning combined with undersampling techniques.
result Graph p-Laplacian semi-supervised learning outperforms current methods.
New method detects corporate fraud in noisy financial networks.
problem Detecting corporate fraud in rich yet noisy financial networks.
method Knowledge-enhanced GCN with Robust Two-stage Learning (KeGCN_R)
result KeGCN_R outperforms baselines in fraud detection effectiveness and robustness.
Study examines fraud detection methods for credit cards with limited data.
problem Data imbalance in credit card fraud detection.
method Assesses different sampling methods and machine learning algorithms.
result Monte Carlo analysis shows random undersampling outperforms SMOTE in fraud cost reduction.
New dashboards help fraud detection teams understand model predictions.
problem Difficult verification of model predictions in fraud detection.
method Design and implementation of novel dashboards combining explanation techniques.
result Significantly speeds up the process of filtering potential fraud cases.
A new approach to fraud detection minimizes human intervention.
problem Minimizing the number of non-fraudulent operations requiring human verification.
method Computer-assisted fraud detection using a meta-algorithm to minimize oracle calls.
result A simple meta-algorithm provides competitive results in minimizing non-fraudulent operations.
This work uncovers how model and data biases interact to cause unfairness in fraud detection.
problem Unfairness in fraud detection algorithms due to model and data biases.
method Taxonomy of data bias, hypotheses on fairness-accuracy trade-offs, real-world fraud use case study.
result Data bias affects fairness in expected value and variance, and simple pre-processing can balance group-wise error rates.
BreachRadar detects points-of-compromise in bank transactions to prevent fraud.
problem Detecting and preventing bank transaction fraud caused by data breaches.
method A distributed alternating algorithm that assigns probabilities to different locations being compromised.
result BreachRadar achieves over 90% precision and recall in detecting compromised cards.
TitAnt detects online transaction fraud in milliseconds.
problem Real-time detection of online transaction fraud in e-commerce.
method Feature extraction, real-time prediction, deployment in Ant Financial.
result Efficient real-time fraud detection in milliseconds.
Quantum Support Vector Classifier outperforms other QML models in finance fraud detection.
problem Detecting financial fraud using Quantum Machine Learning.
method Comparative study of four QML models: Quantum Support Vector Classifier, Variational Quantum Classifier, Estimator QNN, and Sampler QNN.
result Quantum Support Vector Classifier achieved the highest F1 scores (0.98) for fraud and non-fraud classes.
EnsemFDet detects fraud by solving subproblems on small graphs, scaling up e-commerce fraud detection.
problem Detecting and preventing fraud in e-commerce, especially in large-scale bipartite graphs.
method EnsemFDet uses an ensemble approach to decompose the problem into smaller subproblems, solving them in parallel.
result EnsemFDet is up to 100x faster than state-of-the-art methods while maintaining high accuracy.
SLEID detects illicit accounts in DeFi transactions using semi-supervised learning.
problem Detecting illicit accounts in DeFi transactions with scarce labeled data.
method SLEID uses Isolation Forest for initial detection and self-training for pseudo-labels.
result SLEID outperforms baselines with significant improvements in precision and accuracy.
DBDT uses deep boosting decision trees for fraud detection.
problem Fraud detection in imbalanced data.
method Gradient boosting with neural networks (SDT), AUC maximization.
result DBDT significantly improves fraud detection performance.
ARIMA model detects credit card fraud in unbalanced datasets.
problem Unsupervised credit card fraud detection in unbalanced datasets.
method ARIMA model applied to customer spending patterns for anomaly detection.
result ARIMA model outperforms benchmark anomaly detection methods.
Deep learning model predicts online fraud using customer behavior data.
problem Predicting online financial fraud from customer behavior data.
method Recurrent Neural Network (RNN) integrated with Markov Transition Field (MTF).
result The proposed model significantly improves fraud prediction compared to traditional methods.
Enhances fraud detection with multiple HMM perspectives.
problem Detecting credit card fraud from sequential transactions.
method Modeling credit card transactions from three perspectives (card-holder, terminal, amount/time) using HMMs and combining likelihoods as features.
result 15% increase in precision-recall AUC compared to state-of-the-art methods.
This paper examines anomalies and frauds in blockchain networks and proposes detection techniques.
problem Anomalies and frauds undermine blockchain networks' integrity and security.
method Statistical and machine learning methods, game-theoretic solutions, digital forensics, reputation-based systems, and risk assessment techniques.
result Practical applications and insights for enhancing blockchain network security.
EDINET-Bench evaluates LLMs on complex financial tasks using Japanese financial statements.
problem Challenges in evaluating LLMs on financial tasks due to specialized expertise and scarce benchmarks.
method Developed EDINET-Bench, an open-source Japanese financial benchmark for LLMs on tasks like fraud detection and earnings forecasting.
result State-of-the-art LLMs perform only marginally better than logistic regression in financial tasks, highlighting the need for more realistic benchmarks.
CaT-GNN improves credit card fraud detection by integrating causal reasoning into GNNs.
problem Credit card fraud detection overlooks causal structure of transactions.
method CaT-GNN combines causal invariant learning and temporal graph neural networks.
result CaT-GNN outperforms existing methods on various datasets.
Credit card fraud detection is a very challenging problem because of the specific nature of transaction data and the labeling process. The transaction data is peculiar because they are obtained in a streaming fashion, they are strongly imbalanced and prone to non-stationarity. The labeling is the outcome of an active l…
SemiGNN detects financial fraud using social relations and multi-view data.
problem Detecting fraud in financial services with limited labeled data and complex interactions.
method Semi-supervised graph attentive network with hierarchical attention mechanism.
result SemiGNN achieves better accuracy on fraud detection tasks compared to state-of-the-art methods.
Deep semi-supervised anomaly detection improves fraud detection in financial markets.
problem Detecting fraud in high-frequency financial data with limited labeled examples.
method Evaluation of Deep Semi-Supervised Anomaly Detection (Deep SAD) on proprietary limit order book data.
result Deep SAD significantly improves fraud detection accuracy with minimal labeled data.
Unsupervised model detects healthcare fraud from patient visit data.
problem Detecting fraudulent healthcare bills from patient visit data.
method Uses LSTM and seq2seq models for anomaly detection, normalizes scores with EDF.
result Improves anomaly detection for high class imbalance problems.
Study evaluates AD methods for fraud detection in online credit card payments.
problem Fraud detection in online credit card payments using anomaly detection methods.
method Assessed several recent anomaly detection methods and compared them with standard supervised learning methods.
result LightGBM outperforms other methods but is more sensitive to distribution shifts.