I had a chance to talk to a fraud detection statistician at a large tech company. One major area of fraud is in very small scale fraud for minute transactions that fly under the radar. A lot of traditional machine learning and statistical techniques don't seem to work well for that. There is a lot of digging through literature to find statistical and signal detection methods to identify this sort of fraud.
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I had a chance to talk to a fraud detection statistician at a large tech company. One major area of fraud is in very small scale fraud for minute transactions that fly under the radar. A lot of traditional machine learning and statistical techniques don't seem to work well for that. There is a lot of digging through literature to find statistical and signal detection methods to identify this sort of fraud.