Amazon sets up a fraud detection tool - Geeko

Amazon Web Services has just announced the availability of a tool to fight against fraud, reports ZDNet. Based on machine learning and technologies developed in-house, the Amazon Fraud Detector facilitates the identification of potentially fraudulent activities, in real time. It is also useful for spotting online payment fraud, identity theft, the creation of fake accounts and the abuse of promotional codes, all in "a few milliseconds", assures Amazon.

If it is entirely managed by Amazon and fed by the 20 years of experience of the company, the tool is not intended only for the online sales platform. It is in fact offered to online sales companies, customers and Amazon partners who can customize the tool with their own data concerning fraudulent and legitimate historical transactions, in order to produce machine learning models and to put in place of decision logic based on results.

A tool for the whole world

“Drawing on 20 years of fraud detection experience and powerful machine learning technology, we are delighted to offer our customers the Amazon Fraud Detector, which enables them to automatically detect potential fraud, save time and money, and improve the customer experience, without needing a machine learning experience, ”said Swami Sivasubramanian, vice president of Amazon Machine Learning.

With the Amazon Fraud Detector, Jeff Bezos' company is deploying a solution for its partners who want to use functional, quick and easy to set up fraud detection tools. For Amazon Web Services CEO Andy Jassy, machine learning is a great way to fight fraud, but this form of technology is difficult for many companies to implement. This is where the Amazon Fraud Detector comes in. Its availability is currently limited to a few countries and cities - the United States, Ireland, Singapore and Sydney - but the tool should be available in other regions in the coming months.

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  • Fraud
  • Amazon
  • High Tech
  • Artificial intelligence
  • Jeff bezos