Credit card fraud detection is the process of identifying purchase attempts that are fraudulent and rejecting them rather than processing the order. It is important that credit card companies are able to recognize fraudulent credit card transactions so that customers are not charged for items that they did not purchase.

So in this talk, I will demonstrate the following:

What are anomalies?

Why anomaly detection is important?

Use cases of anomaly detection using Python.

Practical demo of Credit Card Fraud Detection using Python.