The Intersection of Data Science and Cybersecurity in Financial Fraud Prevention

Amidst today’s growing digitization process across different segments of society, the sphere of finance is no exception either. As people rely on digital transactions, the common risk of financial fraudsters is bound to arise occasionally. Undoubtedly, data science and cybersecurity are the two that help avoid such actions. Through proper use of modern algorithms, machine learning techniques and big data, financial institutions can be one step ahead of cybercriminals. This writing will highlight how data science is incorporated with cybersecurity in preventing financial fraud and why one should join a data science course in Delhi if he or she wants to be part of a growing field. The Rise of Financial Fraud It has become a major issue that affects both the user and the financial firms. Cybercriminals are getting smarter, from mere phishing and identity theft to highly organized methodologies in terms of money laundries. Such criminals can easily take advantage of working in such an...