Open Access

ARTICLE

Smart Fraud Detection in E-Transactions Using Synthetic Minority Oversampling and Binary Harris Hawks Optimization

Chandana Gouri Tekkali, Karthika Natarajan^*

School of Computer Science and Engineering, VIT-AP University, 522237, Andhra Pradesh, India

* Corresponding Author: Karthika Natarajan. Email:

Computers, Materials & Continua 2023, 75(2), 3171-3187. https://doi.org/10.32604/cmc.2023.036865

Received 14 October 2022; Accepted 29 December 2022; Issue published 31 March 2023

Abstract

Fraud Transactions are haunting the economy of many individuals with several factors across the globe. This research focuses on developing a mechanism by integrating various optimized machine-learning algorithms to ensure the security and integrity of digital transactions. This research proposes a novel methodology through three stages. Firstly, Synthetic Minority Oversampling Technique (SMOTE) is applied to get balanced data. Secondly, SMOTE is fed to the nature-inspired Meta Heuristic (MH) algorithm, namely Binary Harris Hawks Optimization (BinHHO), Binary Aquila Optimization (BAO), and Binary Grey Wolf Optimization (BGWO), for feature selection. BinHHO has performed well when compared with the other two. Thirdly, features from BinHHO are fed to the supervised learning algorithms to classify the transactions such as fraud and non-fraud. The efficiency of BinHHO is analyzed with other popular MH algorithms. The BinHHO has achieved the highest accuracy of 99.95% and demonstrates a more significant positive effect on the performance of the proposed model.

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Keywords

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