
Creating a Fraud Detection System for Financial Transactions with Isolation Forest
Introduction to Fraud Detection In the world of finance, fraud is a constant and evolving threat. Detecting fraudulent transactions is a critical task that requires parsing through vast amounts of data, often in real-time. Traditional methods can be cumbersome and inefficient, especially when dealing with large datasets. This is where the Isolation Forest algorithm steps in, offering a powerful and efficient solution for anomaly detection. What is Isolation Forest? Isolation Forest is an unsupervised machine learning algorithm designed to detect anomalies or outliers in datasets....