Thesis Abstract

Abstract
The rapid growth of online transactions has brought about significant benefits to individuals, businesses, and economies worldwide. However, this advancement has also led to an increase in fraudulent activities, posing a threat to the security and trust in online platforms. In response to this challenge, the application of machine learning techniques for fraud detection in online transactions has gained significant attention in recent years. This thesis explores the effectiveness of machine learning algorithms in detecting and preventing fraudulent activities in online transactions. Chapter One provides an introduction to the research topic, presenting the background of the study, problem statement, objectives, limitations, scope, significance, structure of the thesis, and definitions of key terms. The chapter sets the stage for the exploration of fraud detection using machine learning techniques in online transactions. Chapter Two presents a comprehensive literature review, examining existing studies, methodologies, and findings related to fraud detection in online transactions and the application of machine learning algorithms in this context. The chapter highlights the current state of research in the field and identifies gaps that this thesis aims to address. Chapter Three details the research methodology employed in this study. The chapter outlines the research design, data collection methods, selection of machine learning algorithms, feature engineering techniques, model evaluation strategies, and ethical considerations in conducting the research. This chapter provides a transparent overview of the approach taken to investigate fraud detection using machine learning. Chapter Four presents an in-depth discussion of the findings obtained from applying machine learning algorithms for fraud detection in online transactions. The chapter analyzes the performance of different machine learning models, evaluates their effectiveness in detecting fraudulent activities, and discusses the implications of the results for enhancing security in online transactions. Chapter Five concludes the thesis by summarizing the key findings, discussing the implications of the research, and highlighting recommendations for future studies in the field of fraud detection using machine learning in online transactions. The chapter reflects on the significance of the research contributions and suggests potential applications of the findings in real-world settings. In conclusion, this thesis contributes to the growing body of knowledge on fraud detection in online transactions by demonstrating the efficacy of machine learning techniques in enhancing security and mitigating risks associated with fraudulent activities. The research findings provide valuable insights for businesses, policymakers, and researchers seeking to improve fraud detection mechanisms in online platforms, ultimately fostering a safer and more trustworthy environment for conducting online transactions.

Thesis Overview