These labels were automatically added by AI and may be inaccurate. For details, see About Literature Database.
Abstract
Credit card fraud detection (CCFD) is a critical application of Machine
Learning (ML) in the financial sector, where accurately identifying fraudulent
transactions is essential for mitigating financial losses. ML models have
demonstrated their effectiveness in fraud detection task, in particular with
the tabular dataset. While adversarial attacks have been extensively studied in
computer vision and deep learning, their impacts on the ML models, particularly
those trained on CCFD tabular datasets, remains largely unexplored. These
latent vulnerabilities pose significant threats to the security and stability
of the financial industry, especially in high-value transactions where losses
could be substantial. To address this gap, in this paper, we present a holistic
framework that investigate the robustness of CCFD ML model against adversarial
perturbations under different circumstances. Specifically, the gradient-based
attack methods are incorporated into the tabular credit card transaction data
in both black- and white-box adversarial attacks settings. Our findings confirm
that tabular data is also susceptible to subtle perturbations, highlighting the
need for heightened awareness among financial technology practitioners
regarding ML model security and trustworthiness. Furthermore, the experiments
by transferring adversarial samples from gradient-based attack method to
non-gradient-based models also verify our findings. Our results demonstrate
that such attacks remain effective, emphasizing the necessity of developing
robust defenses for CCFD algorithms.