Fraud detection and prevention has received a lot of attention from the research community due to its high impact on financial institutions’ revenues and reputation. The increased use of the web and the provision of online services open up the pathway for exposing these systems to numerous threats and jeopardizing their effective functioning. Naturally, financial frauds are increased in number and form imposing various requirements for their efficient and immediate detection. These requirements are related to the performance of the adopted models as well as the timely response of the decision-making mechanism. Machine learning and data mining are two research domains that can provide a number of techniques/algorithms for fraud detection and setup the road for mitigation actions. However, these methods still need to be improved with respect to the detection of unknown fraud patterns and the incorporation of big data processing mechanisms. This paper presents our attempt to build a hybrid system, i.e., a sequential scheme for combining two deep learning models and efficiently detecting potential financial frauds. We elaborate on the combination of an autoencoder and a Long Short-Term Memory Recurrent Neural Network trained upon datasets which are processed through the use of an oversampling technique. Oversampling is adopted to handle heavily imbalanced datasets which is the ‘natural’ scenario due to the limited number of frauds compared to the humongous volumes of transactions. The proposed approach tends to capture much more fraud events in comparison with other conventional ML techniques. Our experimental evaluation exposes that our model exhibits a good performance in terms of recall and precision.

Convolution Neural Networks (CNNs) are gaining ground in deep learning and Artificial Intelligence (AI) domains, and they can benefit from rapid prototyping in order to produce efficient and low-power hardware designs. The inference process of a Deep Neural Network (DNN) is considered a computationally intensive process that requires hardware accelerators to operate in real-world scenarios due to the low latency requirements of real-time applications. As a result, High-Level Synthesis (HLS) tools are gaining popularity since they provide attractive ways to reduce design time complexity directly in register transfer level (RTL). In this paper, we implement a MobileNetV2 model using a state-of-the-art HLS tool in order to conduct a design space exploration and to provide insights on complex hardware designs which are tailored for DNN inference. Our goal is to combine design methodologies with sparsification techniques to produce hardware accelerators that achieve comparable error metrics within the same order of magnitude with the corresponding state-of-the-art systems while also significantly reducing the inference latency and resource utilization. Toward this end, we apply sparse matrix techniques on a MobileNetV2 model for efficient data representation, and we evaluate our designs in two different weight pruning approaches. Experimental results are evaluated with respect to the CIFAR-10 data set using several different design methodologies in order to fully explore their effects on the performance of the model under examination.

The digitization of our lives cause a shift in the data production as well as in the required data management. Numerous nodes are capable of producing huge volumes of data in our everyday activities. Sensors, personal smart devices as well as the Internet of Things (IoT) paradigm lead to a vast infrastructure that covers all the aspects of activities in modern societies. In the most of the cases, the critical issue for public authorities (usually, local, like municipalities) is the efficient management of data towards the support of novel services. The reason is that analytics provided on top of the collected data could help in the delivery of new applications that will facilitate citizens’ lives. However, the provision of analytics demands intelligent techniques for the underlying data management. The most known technique is the separation of huge volumes of data into a number of parts and their parallel management to limit the required time for the delivery of analytics. Afterwards, analytics requests in the form of queries could be realized and derive the necessary knowledge for supporting intelligent applications. In this paper, we define the concept of a Query Controller ( $QC$ ) that receives queries for analytics and assigns each of them to a processor placed in front of each data partition. We discuss an intelligent process for query assignments that adopts Machine Learning (ML). We adopt two learning schemes, i.e., Reinforcement Learning (RL) and clustering. We report on the comparison of the two schemes and elaborate on their combination. Our aim is to provide an efficient framework to support the decision making of the QC that should swiftly select the appropriate processor for each query. We provide mathematical formulations for the discussed problem and present simulation results. Through a comprehensive experimental evaluation, we reveal the advantages of the proposed models and describe the outcomes results while comparing them with a deterministic framework.

We focus on Internet of Things (IoT) environments where sensing and computing devices (nodes) are responsible to observe, reason, report, and react to a specific phenomenon. Each node (e.g., an unmanned vehicle or an autonomous device) captures context from data streams and reasons on the presence of an event. We propose a distributed predictive analytics scheme for localized context reasoning under uncertainty. Such reasoning is achieved through a contextualized, knowledge-driven clustering process, where the clusters of nodes are formed according to their belief on the presence of the phenomenon. Each cluster enhances its localized opinion about the presence of an event through consensus realized under the principles of fuzzy logic (FL). The proposed FL-driven consensus process is further enhanced with semantics adopting type-2 fuzzy sets to handle the uncertainty related to the identification of an event. We provide a comprehensive experimental evaluation and comparison assessment with other schemes over real data and report on the benefits stemmed from its adoption in IoT environments.

We focus on Internet of Things (IoT) environments where a network of sensing and computing devices are responsible to locally process contextual data, reason and collaboratively infer the appearance of a specific phenomenon (event). Pushing processing and knowledge inference to the edge of the IoT network allows the complexity of the event reasoning process to be distributed into many manageable pieces and to be physically located at the source of the contextual information. This enables a huge amount of rich data streams to be processed in real time that would be prohibitively complex and costly to deliver on a traditional centralized Cloud system. We propose a lightweight, energy-efficient, distributed, adaptive, multiple-context perspective event reasoning model under uncertainty on each IoT device (sensor/actuator). Each device senses and processes context data and infers events based on different local context perspectives: (i) expert knowledge on event representation, (ii) outliers inference, and (iii) deviation from locally predicted context. Such novel approximate reasoning paradigm is achieved through a contextualized, collaborative belief-driven clustering process, where clusters of devices are formed according to their belief on the presence of events. Our distributed and federated intelligence model efficiently identifies any localized abnormality on the contextual data in light of event reasoning through aggregating local degrees of belief, updates, and adjusts its knowledge to contextual data outliers and novelty detection. We provide comprehensive experimental and comparison assessment of our model over real contextual data with other localized and centralized event detection models and show the benefits stemmed from its adoption by achieving up to three orders of magnitude less energy consumption and high quality of inference.