The Impact of Credit Card Fraud Detection Using Machine Learning | SPD Technology
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The Impact of Credit Card Fraud Detection Using Machine Learnin…
Jan 2, 2023
spd.tech
Alarming statistics show the number of Australians falling victim to credit card fraud has jumped more than 30% in just 12 months. It prompted a warning ahead of Christmas as police round up those accused of preying on cash strapped families. 7NEWS at 6pm. More local news: 7news.com.au/news/sydney #7NEWS | 7NEWS Sydney
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In 2019, payment card fraud losses reached nearly $28 billion worldwide. The United States alone is responsible for more than a third of the total global loss making America the most card fraud-prone country in the world. The economic cost of card fraud goes far beyond the cost of illegally purchased merchandise; businesses often spend millions to protect themselves from fraud, buying software and hiring security experts to monitor transactions. Experts say there aren’t enough regulations to hel
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