In an effort to make it easier for businesses to identify fraud online, AWS has developed a new fully managed service called Amazon Fraud Detector which leverages the e-commerce giant's years of experience detecting fraud as well as machine learning.
The new service can automatically identify potentially fraudulent activity in milliseconds using machine learning, though businesses won't need to have any machine learning experience to start using it.
With just a few clicks in the Amazon Fraud Detector console, businesses can select a pre-built machine learning model template, upload historical event data and create decision logic to assign outcomes to the service's predictions. There are also no up-front payments, long-term commitments or infrastructure to manage with Amazon Fraud Detector. Instead, customers only pay for their actual usage of the service.