AI-Augmented Data Engineering Strategies for Real-Time Fraud Detection in Digital Ecosystems

AI, data engineering, real-time fraud detection, digital ecosystems, machine learning, artificial intelligence, cybersecurity, big data, predictive analytics, anomaly detection, fraud analytics, neural networks, blockchain, financial fraud, e-commerce security, deep learning, AI ethics, digital security, behavioral biometrics, fraud prevention, cloud computing, edge computing, data lakes, data pipelines, event stream processing, fraud detection models, supervised learning, unsupervised learning, reinforcement learning, cyber fraud, financial technology, fintech, online transaction security, pattern recognition, anomaly scoring, real-time processing, dynamic rule generation, distributed systems, AI pipelines, fraud risk management, multi-layered security, hybrid fraud models, real-time monitoring, contextual fraud detection, behavioral analysis, fraud scenarios, streaming analytics, predictive modeling, advanced analytics, AI-based solutions, risk analysis, AI scalability, fraud detection algorithms, feature engineering, data integration, cyber resilience, algorithm optimization, system scalability, proactive fraud management, automated fraud detection, AI governance, data privacy, ethical AI, big data analytics, data preprocessing, continuous learning, fraud response systems, adaptive systems, anomaly thresholds, cybersecurity trends, machine learning pipelines, real-time data ingestion, sensor data, hybrid AI approaches, multi-cloud systems, identity verification, credential theft detection, phishing scams, anomaly patterns, event correlation, fraud signals, transaction data analysis, credit card fraud detection, AI-enhanced systems, secure APIs, risk mitigation

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Vol. 12 No. 01 (2024)
Engineering and Computer Science
January 30, 2024

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Cyber fraud is experienced in digital ecosystems, and it is very dangerous to organizational and individuals’ experiments. The general approaches to fraud detection work well in stable environments but are incapable of the real-time results required by modern digital spaces. This article aims to demonstrate how artificial intelligence (AI) can complement approaches for data engineering to meet these challenges. When AI models are supported with strong data feeds, organising can, therefore, identify fraudulent activities in real-time, thereby reducing losses and encouraging a safe digital economy. To offer some background to the reader about the content of the article, the abstract divides its content into the three major ideas supported by the author: AI scalability, speed, and accuracy in fraud detection. It also gives the reader an understanding of the alternative and supplemental approaches, examples of implementations, and trends within the paper. Finally, the article seeks to establish that AI enhanced data engineering has the capability of become instrumental in protecting digital economy against emerging forms of frauds.