AWS launches AI tool to help businesses tackle online fraud

Amazon Fraud Detector uses machine learning to sniff out fraudulent transactions

Amazon Web Services (AWS) has announced the general availability of Fraud Detector, a machine learning-powered service that helps organisations to tackle fraudulent activity.

First launched at Amazon Re:invent last December, Fraud Detector uses the same technology that Amazon employs to fight fraudulent activity on its e-commerce marketplace. 

The tool requires no machine learning expertise, according to AWS, with Fraud Detector providing a selection of ready-made fraud detection AI templates that cover different use cases. To train their model, organisations simply upload historical data covering both fraudulent and legitimate transactions to AWS S3.

Businesses with more advanced requirements can use their own models with the service using an integration with SageMaker, Amazon’s managed AI platform. 

AWS charges no up-front payments, long-term commitments, or infrastructure to manage with Amazon Fraud Detector, and customers pay only for their actual usage of the service.

Swami Sivasubramanian, Vice President, Machine Learning, said: “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.”

Amazon Fraud Detector, which counts GoDaddyy and Truevo among is early adopters, is available in the US, Ireland, Sinapore and Sydney, with availability in additional regions in the coming months. 

Related Resource

Phishing and fraud report

Simple yet effective attacks you can’t afford to ignore

Download now

The launch of Fraud Detector comes after Amazon made CodeGuru generally available. This is an AI-powered code review service that uses programme analysis and machine learning to detect potential defects that are tricky to find and recommend fixes in Java code. 

Featured Resources

The ultimate law enforcement agency guide to going mobile

Best practices for implementing a mobile device program

Free download

The business value of Red Hat OpenShift

Platform cost savings, ROI, and the challenges and opportunities of Red Hat OpenShift

Free download

Managing security and risk across the IT supply chain: A practical approach

Best practices for IT supply chain security

Free download

Digital remote monitoring and dispatch services’ impact on edge computing and data centres

Seven trends redefining remote monitoring and field service dispatch service requirements

Free download

Recommended

Amazon relaxes remote working policy under new CEO
flexible working

Amazon relaxes remote working policy under new CEO

12 Oct 2021
Amazon, Microsoft, Google back creation of Trusted Cloud Principles
privacy

Amazon, Microsoft, Google back creation of Trusted Cloud Principles

1 Oct 2021
AWS makes Amazon Managed Service for Prometheus generally available
Amazon Web Services (AWS)

AWS makes Amazon Managed Service for Prometheus generally available

30 Sep 2021
Amazon to offer cyber insurance to UK SMBs
cyber security

Amazon to offer cyber insurance to UK SMBs

28 Sep 2021

Most Popular

Best Linux distros 2021
operating systems

Best Linux distros 2021

11 Oct 2021
HPE wins networking contract with Birmingham 2022 Commonwealth Games
Network & Internet

HPE wins networking contract with Birmingham 2022 Commonwealth Games

15 Oct 2021
What is cyber warfare?
Security

What is cyber warfare?

15 Oct 2021