Amazon Fraud Detector is a fully-managed service on AWS providing customers with the capability to quickly identify potentially fraudulent online activities, such as the creation of fake accounts, loyalty account and promotion code abuse or online payment fraud. The service uses machine learning (ML) and relies on two decades of fraud detection expertise from AWS and Amazon.com.
Originally Amazon Fraud Detector was in preview mode at the beginning of December last year during the virtual AWS re:Invent conference. Now the service is generally available (GA) for customers aiding them in identifying potentially fraudulent activity more efficiently.
Source: https://aws.amazon.com/fraud-detector/
Through leveraging prebuilt machine learning models, uploading all historical data including both legitimate and fraudulent transactions, users can let the service do the machine learning heavy lifting like inspecting and enriching data, training and optimizing the models, and hosting. Next, the user can create decision logic to the outcomes of the model. Based upon the type of fraud users want to predict, the service will pre-process the data, select an algorithm, and train a model. Subsequently, it trains the model and deploys the model to a fully-managed private API endpoint – which an application can call.
Swami Sivasubramanian, vice-president, Amazon Machine Learning at AWS, said in the press release of the GA of Amazon Fraud Detector:
Customers of all sizes and across all industries have told us they spend a lot of time and effort trying to decrease the amount of fraud occurring on their websites and applications. By leveraging 20 years of experience detecting fraud coupled with powerful machine learning technology, we’re excited to bring customers Amazon Fraud Detector so they can automatically detect potential fraud, save time and money, and improve customer experiences—with no machine learning experience required.
Moreover, Rob Crasco, VR advocate at CyberAdept, stated in a tweet:
Online fraud is a billion-dollar problem in the #eCommerce sector. #Amazon has long used #MachineLearning #technology to weed out fraud & now is enabling customers to access the tech.
Currently, Amazon Fraud Detector is available in the following AWS Regions: US East (N. Virginia), US East (Ohio), US West (Oregon), Europe (Ireland), Asia Pacific (Singapore) and Asia Pacific (Sydney) with additional regions to be added in the coming months. Furthermore, the service integrates with various other AWS services such as Amazon CloudWatch, AWS CloudTrail, and AWS PrivateLink. Lastly, the pricing details of the service are available on the pricing page.
