Fraud Detection - Using Graph Database
Graph DBs have become a buzzword in recent years. In addition to social networks and recommendation systems, fraud detection is a field where the value of graph technology cannot be understated. In this article we'll learn how Graph technology can be used to detect fraud. If you are new to Graph technology, and haven't read my previous publication Graph technology in plain english , I highly recommend to read that once. It will help you to understand the fundamentals of Graph technology and serve as a catalyst for your learning process. Fraud detection According to the research published by Crowe in July 2019, global fraud losses equate to shocking US$5.127 trillion each year . Fraudsters commit monetary frauds almost every day. What if such fraud can be detected at an early stage, through prior experience of some common fraud patterns or known fraudsters. We'll look at how Graph can be used to identify one such link and how tedious it...
