Amazon Fraud Detector launches new ML model for online transaction fraud detection

Amazon Fraud Detector is excited to announce the Transaction Fraud Insights model, a low-latency fraud detection machine learning (ML) model specifically designed to detect online card-not-present transaction fraud. Like other Amazon Fraud Detector models, Transaction Fraud Insights leverages more than 20 years of fraud detection expertise from Amazon and AWS. The new Transaction Fraud Insights model type detects up to 30% more fraudulent transactions and maintains its performance up to six times longer than Amazon Fraud Detector’s previous model type, Online Fraud Insights.

Source:: Amazon AWS