Anomaly and Fraud Detection

Imagine you have a security guard watching over a store. Their job is to spot anything unusual or suspicious that might be happening. Anomaly and fraud detection are a lot like having that security guard, but for digital systems like banks or online platforms.

Anomaly Detection

Just like the security guard notices if someone is acting strangely in the store, anomaly detection systems keep an eye on data to find anything unusual. For example, they might notice if there's a sudden spike in website traffic or if someone is logging into your account from a different country.

Fraud Detection

This is like having a super-smart security guard who can spot when someone is trying to trick the system. Fraud detection systems look for signs of suspicious activity, like someone using stolen credit card information to make purchases online or trying to access your bank account without permission.

Both types of detection systems use algorithms and rules to analyze patterns and identify anything that doesn't seem quite right. They help keep your information and transactions safe, just like having a vigilant security guard protecting your digital world!