Welcome to the episode where we explore the fascinating realm of machine learning and its crucial role in fraud detection. Over the course of this series, we will delve into various ML algorithms, examining their strengths and weaknesses, and discovering how they are applied across diverse industries.
Together, we will uncover answers to the most frequently asked questions. How do ML systems effectively identify fraud? Which algorithm is best suited for specific scenarios? And what companies have already harnessed the benefits of ML?
Without any delay, let’s start!
Chapters:
0:00 Introduction
0:33 Can ML systems detect fraud?
1:08 Benefits of using ML in fraud detection
1:50 ML algorithms that are used for detecting fraud
4:06 How to use ML in fraud detection?
5:24 ML fraud detection: Rental platforms
5:53 ML & video games industry
6:24 Final thoughts
