Here are some specific
questions to consider
when evaluating
infrastructure:
EULER HOMES
"With administrative and financial data of more than
30 million companies, it can be challenging to detect
cyber fraud before it impacts business operations.
(Using Amazon SageMaker,) we were able to launch
a new internal service in seven months and can now
identify URL squatting fraud within 24 hours."
Luis Leon, IT Innovation Advisor
VACASA
"We're excited about the introduction of Amazon
Fraud Detector because it means we can more easily
use advanced machine learning techniques to
accurately detect fraudulent (vacation) reservations.
Protecting our 'front door' from potential harm
enables us to focus on making the vacation rental
experience seamless and worry-free."
Eric Breon, Founder and CEO
7
Make it easy to identify potential fraudulent
online activities
Around the globe, billions of dollars are lost each year to online fraud.
3
Many applications that are designed to protect against potential online
fraud rely on business rules that are not keeping pace with the ever-
changing tactics of bad actors.
Fraud detection is a good application for machine learning for three
primary reasons. First, it addresses a problem that's rich in data and can
benefit from pattern identification within datasets. Second, it can achieve
results that are nearly impossible to accomplish through human input
alone. Finally, these results are easily quantifiable in financial terms,
which can help foster executive buy-in for machine learning across
the organization.
Amazon Fraud Detector leverages machine learning and more than 20
years of fraud detection expertise from Amazon to catch more potential
online fraud faster and easier. It puts your data at the center of your
solution and makes it simpler to identify and prevent fraud—with no
prior machine learning experience necessary.
For fraud detection, Amazon SageMaker offers built-in algorithms, such
as Random Cut Forest and XGBoost, and hundreds of algorithms and pre-
trained models available through the AWS Marketplace, allowing you to
develop fraud detection solutions in days.
Learn more ›
3 https://www.javelinstrategy.com/coverage-area/2019-identity-fraud-report-
fraudsters-seek-new-targets-and-victims-bear-brunt
Ideal for E-Commerce, Finance, Retail
10
