Fraud detection has become a top priority for businesses across industries. With fraudulent activities growing more sophisticated, traditional rule-based approaches often fall short in addressing the constantly evolving threats. Detecting and preventing fraud — be it financial scams, identity theft, or insurance fraud — is crucial, especially when global fraud losses run into billions of dollars annually.
This guide discusses how deep learning can improve fraud detection with AWS SageMaker and AWS Glue. Deep learning, a branch of machine learning, excels at uncovering complex patterns in large datasets and adapting to emerging fraud techniques. AWS SageMaker, a comprehensive machine learning platform, equips businesses with the tools to build, train, and deploy advanced deep learning models, while AWS Glue streamlines data preparation and integration with its fully managed ETL capabilities.