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Fraud Detection Synopsis

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25 views4 pages

Fraud Detection Synopsis

Uploaded by

dmore8785
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Rayat Shikshan Santha’s

Karmaveer Bhaurao Patil Mahavidyalaya, Pandharpur


(Autonomous)

Punyashlok Ahilyadevi Holkar Solapur University, Solapur

Department of BCA

A
Project Synopsis Report
On

Fraud Detection using Sentiment Analysis


(Detecting Fraud App using sentiment analysis)

Submitted by

Miss. Divya Anil More - Roll No.:7830

Class: BCA-III

Guided by –
Mrs.Bagal V.G
Mrs.Kadam S.C

For the Academic Year 2024-25


❖Abstract

➢ The proliferation of mobile applications has led to a significant


increase in fraudulent apps that deceive users and compromise their
data. This project aims to develop a system that detects fraudulent
apps by leveraging sentiment analysis on user reviews. By analyzing
the sentiments expressed in user feedback, the system will identify
patterns indicative of fraudulent behavior. This approach offers a cost-
effective and efficient solution to enhance app security and improve
user trust.

❖Problem Statement

➢ The increasing number of fraudulent applications on app marketplaces


poses a serious threat to users, including financial loss and data theft.
Traditional methods of fraud detection rely heavily on manual
inspection or rule-based algorithms, which are often time-consuming
and ineffective against rapidly evolving fraud tactics. This project
aims to solve this problem by utilizing sentiment analysis to detect
fraudulent apps based on user reviews.

❖Existing System

➢ Manual Review Process: The current systems often depend on manual


inspection, which is labor-intensive and cannot handle the volume of
apps on marketplaces.
➢ Static Rule-based Algorithms: Existing algorithms rely on predefined
rules, making them less effective against novel fraud patterns.
➢ Limited Use of User Feedback: Most existing systems fail to utilize
user reviews as a significant source for fraud detection, leaving
valuable data untapped.
➢ Scalability Issues: Current methods struggle to scale effectively with
the rapid growth of apps and user data.
❖Proposed System

➢ Automated Detection: To reduce the reliance on manual efforts


and provide a more scalable solution.
➢ Dynamic Fraud Identification: To leverage machine learning
models capable of adapting to new fraud patterns.
➢ User Feedback Utilization: To incorporate user sentiments and
behavioral insights into fraud detection mechanisms.
➢ Enhanced Accuracy: To improve the precision of fraud detection by
combining sentiment analysis with machine learning.
➢ Real-time Monitoring: To enable continuous monitoring of apps for
potential fraudulent behavior.

❖Objectives

➢ To identify fraudulent apps by analyzing user sentiments in reviews.


➢ To develop a machine learning model capable of differentiating genuine
apps from fraudulent ones.
➢ To provide a scalable solution for app marketplaces to monitor and
remove fraudulent apps.

❖Scope of the Project


➢ The project focuses on using user review data from mobile app
marketplaces to identify fraudulent apps. The scope includes sentiment
analysis, feature extraction, and the application of machine learning
techniques for fraud detection. It excludes other forms of fraud detection,
such as code analysis or transaction monitoring.

❖Software Requirements

➢ Operating System: Windows 10/Linux/MacOS


➢ Programming Language: Python 3.x
❖Hardware Requirements

➢ Processor: Intel Core i5 or higher


➢ RAM: 8 GB (16 GB recommended for large datasets)
➢ Storage: Minimum 10 GB free space
➢ Graphics Card: Optional (for deep learning models requiring GPUs,
NVIDIA CUDA-enabled GPU is preferred)

❖Libraries

➢ NLP: NLTK, SpaCy, TextBlob


➢ Machine Learning: Scikit-learn, TensorFlow, Keras
➢ Data Processing: Pandas, NumPy
➢ Visualization: Matplotlib, Seaborn

❖Platforms/Tools

➢ Jupyter Notebook or Google Colab


➢ Integrated Development Environment (IDE): PyCharm or VS Code
➢ Version Control: Git and GitHub

❖Conclusion
➢ The detection of fraudulent apps is a critical challenge in maintaining the
integrity of app marketplaces and ensuring user trust. This project
leverages sentiment analysis as a novel approach to tackle this issue by
utilizing user reviews as a key source of insight. By integrating machine
learning techniques and NLP tools, the proposed system aims to provide
an automated, scalable, and accurate solution for identifying fraudulent
apps. The outcomes of this project have the potential to significantly
enhance app security, reduce user risk, and establish a framework that can
adapt to evolving fraud patterns in real time.

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