  On electronic game platforms, different payment transactions have different
levels of risk. Risk is generally higher for digital goods in e-commerce.
However, it differs based on product and its popularity, the offer type
(packaged game, virtual currency to a game or subscription service), storefront
and geography. Existing fraud policies and models make decisions independently
for each transaction based on transaction attributes, payment velocities, user
characteristics, and other relevant information. However, suspicious
transactions may still evade detection and hence we propose a broad learning
approach leveraging a graph based perspective to uncover relationships among
suspicious transactions, i.e., inter-transaction dependency. Our focus is to
detect suspicious transactions by capturing common fraudulent behaviors that
would not be considered suspicious when being considered in isolation. In this
paper, we present HitFraud that leverages heterogeneous information networks
for collective fraud detection by exploring correlated and fast evolving
fraudulent behaviors. First, a heterogeneous information network is designed to
link entities of interest in the transaction database via different semantics.
Then, graph based features are efficiently discovered from the network
exploiting the concept of meta-paths, and decisions on frauds are made
collectively on test instances. Experiments on real-world payment transaction
data from Electronic Arts demonstrate that the prediction performance is
effectively boosted by HitFraud with fast convergence where the computation of
meta-path based features is largely optimized. Notably, recall can be improved
up to 7.93% and F-score 4.62% compared to baselines.
