Predictive analytics provides mechanisms to estimate data that are uncertain and require costly processing to obtain. Organizations use this tool to help solve difficult problems, and among its most common uses is the detection of fraud, which is increasing every day. Predictive analytics involves the application...
The previous Extreme Gradient Boosting blog post described a study by PhishingHunters comparing different predictive analytics ranking models, which classified different credit card transactions into fraudulent and non-fraudulent transactions. The goal was to determine which algorithm had the highest performance. The Extreme Gradient Boosting ranking...
One of the sectors most affected by fraud is that of insurance companies and, without doubt, the main products that have become targets of cybercrime are car insurance, as more than 63% of fraud cases are focused on them. Every year, large amounts of money are...