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

Unlocking collaboration: Making software work better together

How to improve collaboration and agility with the right tech

Download now

Four steps to field service excellence

How to thrive in the experience economy

Download now

Six things a developer should know about Postgres

Why enterprises are choosing PostgreSQL

Download now

The path to CX excellence for B2B services

The four stages to thrive in the experience economy

Download now

Recommended

Amazon supports proposed Biden tax hike
Policy & legislation

Amazon supports proposed Biden tax hike

7 Apr 2021
Verizon and AWS partner on private mobile edge computing
hybrid cloud

Verizon and AWS partner on private mobile edge computing

5 Apr 2021
Amazon’s new Lookout for Metrics monitors your organization’s KPIs
Amazon Web Services (AWS)

Amazon’s new Lookout for Metrics monitors your organization’s KPIs

26 Mar 2021
AWS introduces fully managed Fault Injection Simulator
Amazon Web Services (AWS)

AWS introduces fully managed Fault Injection Simulator

16 Mar 2021

Most Popular

Microsoft is submerging servers in boiling liquid to prevent Teams outages
data centres

Microsoft is submerging servers in boiling liquid to prevent Teams outages

7 Apr 2021
How to find RAM speed, size and type
Laptops

How to find RAM speed, size and type

8 Apr 2021
Hackers are using fake messages to break into WhatsApp accounts
instant messaging (IM)

Hackers are using fake messages to break into WhatsApp accounts

8 Apr 2021