Authors :
Dr. Samta Suman Lodhi; Sanjay Kumar Mishra; Divya Rai
Volume/Issue :
RISEM–2025
Google Scholar :
https://tinyurl.com/2rmp89e2
Scribd :
https://tinyurl.com/3pj5t99h
DOI :
https://doi.org/10.38124/ijisrt/25jul614
Abstract :
In the modern digital economy, the volume and speed of online transactions have opened up new opportunities
for growth—and unfortunately, new vulnerabilities for fraud. Traditional fraud detection systems, largely dependent on
static rules and manual auditing, are proving inadequate in coping with rapidly evolving and increasingly complex fraud
tactics. Artificial Intelligence (AI), empowered by techniques such as machine learning, deep learning, and natural
language processing, offers a dynamic, accurate, and real-time solution to fraud detection. This paper provides a
comprehensive exploration of the role AI plays in combating fraud, covering core techniques, real-world applications
across industries, challenges, and the future direction of AI-driven fraud prevention systems. The aim is to demonstrate
how AI can serve as a transformative tool in enhancing security, reducing operational risks, and building a trustworthy
digital infrastructure.
Keywords :
E-Commerce, Fraud Detection, Health Care, Banking and Insurance.
In the modern digital economy, the volume and speed of online transactions have opened up new opportunities
for growth—and unfortunately, new vulnerabilities for fraud. Traditional fraud detection systems, largely dependent on
static rules and manual auditing, are proving inadequate in coping with rapidly evolving and increasingly complex fraud
tactics. Artificial Intelligence (AI), empowered by techniques such as machine learning, deep learning, and natural
language processing, offers a dynamic, accurate, and real-time solution to fraud detection. This paper provides a
comprehensive exploration of the role AI plays in combating fraud, covering core techniques, real-world applications
across industries, challenges, and the future direction of AI-driven fraud prevention systems. The aim is to demonstrate
how AI can serve as a transformative tool in enhancing security, reducing operational risks, and building a trustworthy
digital infrastructure.
Keywords :
E-Commerce, Fraud Detection, Health Care, Banking and Insurance.
