Contrastive Learning for Fraud Detection from Noisy Labels

Detecting frauds in computing platforms involves identifying malicious user activity sessions. Recently, deep learning models have been employed to design fraud detection approaches. Effective training of these deep learning models requires a large amount of well-annotated sessions. However, due to the cost of expert annotation, many organizations rely on heuristics to perform automated annotation, which leads to the noisy label learning problem. It is well known that the performance of deep learning models can easily degrade because of noisy or inaccurate labels. To tackle this challenge, we propose a supervised Contrastive Learning based Fraud Detection (CLFD) framework, which is designed to operate in the noisy label setting. CLFD employs an effective label corrector for correcting noisy labels and which is specifically designed for the fraud detection task. Then, by employing the corrected labels, it trains a fraud detector through supervised contrastive learning, and derives separable representations. We empirically evaluate our CLFD framework and other state-of-the-art baselines on benchmark datasets. Our CLFD framework demonstrates superior performance over state-of-the-art baselines.