Analysis of Scope of Data Mining in Fraud Detection and Studying Solutions to Prevent Them

Abstract

This paper will explain the process of fraud detection suing datamining techniques. Fraud detection is important task and many domains have risk of attack of fraudsters in the data that they have stored. It is very important that each domain like banking etc should have reliable fraud detection scheme so that the personal details of the users of the banks is safe and secure. There are a lot of techniques which can be used to detect fraud attack in the system