UPI FRAUD DETECTION USING MACHINE LEARNING

Abstract

Fraud is a large scale problem which affects
the various entities from public sector to private sectors
including government, profit and non-profit
organizations. It is hard to predict the exact scale of the
fraud because most of the time it remains undetected. It
is very important to detect UPI frauds and save the
company’s or the tax payer’s money. The data mining
model developed in this research will help organization
to analyse their UPI transaction and will blow the early
whistle against the fraudsters. In our process, the
system is developed to detect the fraud in UPI by using
the machine learning algorithm. We predict the values
as fraud/non fraud for more accuracy and predict the
future fraud. First, we select and view the dataset for
future purpose. And we split the data as training data
and test data for getting to predict the values. It is
essential to train the models on data which includes
fraud and relevant non fraud. By using the ML
algorithm the system is, to classify the fraud and nonfraud
and results shows that the accuracy, precision,
recall and f1-score and also prediction. This shows that
method used in this project can predict the possibility of
fraud accurately in most of the cases. This module is
the simple and effective way to avoid such frauds and
save those expenditures.