Question: Fraud detection software increasingly uses AI for Predictive Analytics which identifies fraud patterns AI is also employed for Customer Analytics which detects deviations from a

Fraud detection software increasingly uses AI for Predictive Analytics which identifies fraud patterns AI is also employed for Customer Analytics which detects deviations from a customer’s usual behaviour and Social Media Analytics which gathers information from social media and blogs.

Discuss ANY FIVE (5) types of fraud detection software that would be useful to Smart Shopping to detect fraudulent behavior on their e-commerce platform.

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