Fusion: Practice and Applications

Journal DOI

https://doi.org/10.54216/FPA

Submit Your Paper

2692-4048ISSN (Online) 2770-0070ISSN (Print)

Volume 17 , Issue 2 , PP: 366-376, 2025 | Cite this article as | XML | Html | PDF | Full Length Article

Revolutionizing E-Commerce Security: Unveiling an Innovative Deep Learning-Based Strategy for Detecting Financial Fraud

Aditi Sharma 1 , S. Phani Praveen 2 , Vipin Tiwari 3 , Pradeep Kumar Arya 4 * , Deepak Parvathaneni Naga Srinivasu 5 , Mukta Patel 6

  • 1 Department of Computer Science and Engineering, Symbiosis Institute of Technology, Symbiosis International (Deemed University), Pune, India - (aditi.sharma@ieee.org)
  • 2 Department of CSE, PVP Siddhartha Institute of Technology, Vijayawada, A.P, India - (sppraveen@pvpsiddhartha.ac.in)
  • 3 Department of Computer Science and Engineering, Symbiosis Institute of Technology, Symbiosis International (Deemed University), Pune, India - (vipintiwari1@gmail.com)
  • 4 School of Computer Science Engineering and Technology, Bennett University, Grater Noida, UP, 201310, India - (pradeeparya25@gmail.com)
  • 5 Department of CSE, Amrita School of Computing, Amrita Vishwa Vidyapeetham, Amaravati 522503, Andhra Pradesh, India - (p_nagasrinivasu@av.amrita.edu)
  • 6 Department of CSE, Parul Institute of Technology, Parul University, Vadodara, Gujarat, India - (muktapatel0285@gmail.com)
  • Doi: https://doi.org/10.54216/FPA.170227

    Received: February 20, 2024 Revised: May 21, 2024 Accepted: October 24, 2024
    Abstract

    An inventive deep learning-based method for identifying financial fraud, revolutionizing e-commerce security in the process. The research offers a state-of-the-art setup that makes use of deep learning computations in the dynamic world of online exchanges, where the possibility of fraudulent activity is a danger. Since frauds are known to be erratic and lack consistency, it might be challenging to spot them. Con artists exploit the latest developments in technology. They manage to evade security measures, which results in millions of dollars being lost. One method of tracking fraudulent exchanges is to use information-mining techniques to investigate and detect unusual behaviours. Interactions. In contrast to deep learning techniques as auto encoders, convolutional neural networks (CNN), restricted Boltzmann machines (RBM), and deep belief networks (DBN), this paper aims to benchmark several machine-learning techniques, such as k-nearest neighbour (KNN), irregular forest, and support vector machines (SVM). The three-evaluation metrics that are really employed are the Area Under the ROC Curve (AUC), the Matthews Correlation Coefficient (MCC), and the Cost of Failure.

    Keywords :

    Novel Approach , Financial , Fraud Detection , Deep Learning , E-Commerce , Machine Learning

    References

    [1.] Al-Hashedi, K.G.; Magalingam, P. Financial fraud detection applying data mining techniques: A comprehensive review from 2009 to 2019. Comput. Sci. Rev. 2021, 40, 100402.

    [2.] Ashtiani, M.N.; Raahemi, B. Intelligent Fraud Detection in Financial Statements Using Machine Learning and Data Mining: A Systematic Literature Review. IEEE Access 2021, 10, 72504–72525.

    [3.] Chaquet-ulldemolins, J.; Moral-rubio, S.; Muñoz-romero, S. On the Black-Box Challenge for Fraud Detection Using Machine Learning (II): Nonlinear Analysis through Interpretable Autoencoders. Appl. Sci. 2022, 12, 3856.

    [4.] Da’U, A.; Salim, N. Recommendation system based on deep learning methods: A systematic review and new directions. Artif. Intell. Rev. 2019, 53, 2709–2748.

    [5.] Hilal, W.; Gadsden, S.A.; Yawney, J. Financial Fraud: A Review of Anomaly Detection Techniques and Recent Advances. Expert Syst. Appl. 2021, 193, 116429.

    [6.] Isong, B.E.; Bekele, E. A systematic review of fault tolerance in mobile agents. Eng. Appl. 2013, 2, 111–124.

    [7.] Marcotte, P.; Petrillo, F. Multiple Fault-tolerance Mechanisms in Cloud Systems: A Systematic Review. In Proceedings of the 2019 IEEE International Symposium on Software Reliability Engineering Workshops (ISSREW), Berlin, Germany, 28–31 October 2019; pp. 414–421.

    [8.] Choi, D.; Lee, K. An Artificial Intelligence Approach to Financial Fraud Detection under IoT Environment: A Survey and Implementation. Secur. Commun. Netw. 2018, 2018, 1–15.

    [9.] Naga Srinivasu, Parvathaneni, et al. "Probabilistic Buckshot-Driven Cluster Head Identification and Accumulative Data Encryption in WSN." Journal of Circuits, Systems and Computers 31.17 (2022): 2250303.

    [10.] Mohammadian, V.; Navimipour, N.J.; Hosseinzadeh, M.; Darwesh, A. Comprehensive and systematic study on the fault tolerance architectures in cloud computing. J. Circuits Syst. Comput. 2020, 29, 2050240

    [11.] Nassif, A.B.; Abu Talib, M.; Nasir, Q.; Dakalbab, F.M. Machine Learning for Anomaly Detection: A Systematic Review. IEEE Access 2021, 9, 78658–78700.

    [12.] S. P. Praveen, S. Sindhura, P. N. Srinivasu and S. Ahmed, "Combining CNNs and Bi-LSTMs for Enhanced Network Intrusion Detection: A Deep Learning Approach," 2023 3rd International Conference on Computing and Information Technology (ICCIT), Tabuk, Saudi Arabia, 2023, pp. 261-268, doi: 10.1109/ICCIT58132.2023.10273871.

    [13.] Patil, S.; Nemade, V.; Soni, P. ScienceDirect Predictive Modelling for Credit Card Fraud Detection Using Data Analytics. Procedia Comput. Sci. 2018, 132, 385–395.

    [14.] Randhawa, K.; Loo, C.K.; Seera, M.; Lim, C.P.; Nandi, A.K. Credit Card Fraud Detection Using AdaBoost and Majority Voting. IEEE Access 2018, 6, 14277–14284.

    [15.]Arava, Karuna, et al. "Sentiment Analysis using deep learning for use in recommendation systems of various public media applications." 2022 3rd International Conference on Electronics and Sustainable Communication Systems (ICESC). IEEE, 2022.

    [16.] V. Vankadaru, P. N. Srinivasu, S. H. H. Prasad, P. Rohit, P. R. Babu and M. D. C. Raju, "Text Identification from Handwritten Data using Bi-LSTM and CNN with FastAI," 2023 International Conference on Innovative Data Communication Technologies and Application (ICIDCA), Uttarakhand, India, 2023, pp. 215-220, doi: 10.1109/ICIDCA56705.2023.10099715.

    [17.] Praveen, S. P., Chokka, A., Sarala, P., Nakka, R., Chandolu, S. B., & Jyothi, V. E. (2024). Investigating the Efficacy of Deep Reinforcement Learning Models in Detecting and Mitigating Cyber-attacks: a Novel Approach. Journal of Cybersecurity & Information Management, 14(1).

    [18.] Ryman-Tubb, N.F.; Krause, P.; Garn, W. How Artificial Intelligence and machine learning research impacts payment card fraud detection: A survey and industry benchmark. Eng. Appl. Artificial. Intelligence. 2018, 76, 130–157.

    [19.] West, J.; Bhattacharya, M. Intelligent financial fraud detection: A comprehensive review. Computer. Secure. 2016, 57, 47–66.

    [20.] Zeng, Y.; Tang, J. RLC-GNN: An Improved Deep Architecture for Spatial-Based Graph Neural Network with Application to Fraud Detection. Appl. Sci. 2021, 11, 5656.

    [21.] Praveen, S. Phani, et al. "A robust framework for handling health care information based on machine learning and big data engineering techniques." International Journal of Healthcare Management (2022): 1-18.

    [22.]Praveen, S. P., Bikku, T., Muthukumar, P., Sandeep, K., Sekhar, J. C., & Pratap, V. K. (2024). Enhanced Intrusion Detection Using Stacked FT-Transformer Architecture. Journal of Cybersecurity & Information Management, 13(2).

     

    Cite This Article As :
    Sharma, Aditi. , Phani, S.. , Tiwari, Vipin. , Kumar, Pradeep. , Parvathaneni, Deepak. , Patel, Mukta. Revolutionizing E-Commerce Security: Unveiling an Innovative Deep Learning-Based Strategy for Detecting Financial Fraud. Fusion: Practice and Applications, vol. , no. , 2025, pp. 366-376. DOI: https://doi.org/10.54216/FPA.170227
    Sharma, A. Phani, S. Tiwari, V. Kumar, P. Parvathaneni, D. Patel, M. (2025). Revolutionizing E-Commerce Security: Unveiling an Innovative Deep Learning-Based Strategy for Detecting Financial Fraud. Fusion: Practice and Applications, (), 366-376. DOI: https://doi.org/10.54216/FPA.170227
    Sharma, Aditi. Phani, S.. Tiwari, Vipin. Kumar, Pradeep. Parvathaneni, Deepak. Patel, Mukta. Revolutionizing E-Commerce Security: Unveiling an Innovative Deep Learning-Based Strategy for Detecting Financial Fraud. Fusion: Practice and Applications , no. (2025): 366-376. DOI: https://doi.org/10.54216/FPA.170227
    Sharma, A. , Phani, S. , Tiwari, V. , Kumar, P. , Parvathaneni, D. , Patel, M. (2025) . Revolutionizing E-Commerce Security: Unveiling an Innovative Deep Learning-Based Strategy for Detecting Financial Fraud. Fusion: Practice and Applications , () , 366-376 . DOI: https://doi.org/10.54216/FPA.170227
    Sharma A. , Phani S. , Tiwari V. , Kumar P. , Parvathaneni D. , Patel M. [2025]. Revolutionizing E-Commerce Security: Unveiling an Innovative Deep Learning-Based Strategy for Detecting Financial Fraud. Fusion: Practice and Applications. (): 366-376. DOI: https://doi.org/10.54216/FPA.170227
    Sharma, A. Phani, S. Tiwari, V. Kumar, P. Parvathaneni, D. Patel, M. "Revolutionizing E-Commerce Security: Unveiling an Innovative Deep Learning-Based Strategy for Detecting Financial Fraud," Fusion: Practice and Applications, vol. , no. , pp. 366-376, 2025. DOI: https://doi.org/10.54216/FPA.170227