Investigating Machine Learning Approaches for Bitcoin Ransomware Payment Detection Systems

Authors : Kirat Jadhav

Volume/Issue : Volume 5 - 2020, Issue 9 - September

Google Scholar :

Scribd :

DOI : 10.38124/IJISRT20SEP784

Cryptocurrencies have revolutionized the process of trading in the digital world. Roughly one decade since the induction of the first bitcoin block, thousands of cryptocurrencies have been introduced. The anonymity offered by the cryptocurrencies also attracted the perpetuators of cybercrime. This paper attempts to examine the different machine learning approaches for efficiently identifying ransomware payments made to the operators using bitcoin transactions. Machine learning models may be developed based on patterns differentiating such cybercrime operations from normal bitcoin transactions in order to identify and report attacks. The machine learning approaches are evaluated on bitcoin ransomware dataset. Experimental results show that Gradient Boosting and XGBoost algorithms achieved better detection rate with respect to precision, recall and F-measure rates when compared with k-Nearest Neighbor, Random Forest, Naïve Bayes and Multilayer Perceptron approaches

Keywords : Blockchain, Bitcoin, Cybercrime, Machine Learning, Ransomware.


Paper Submission Last Date
31 - May - 2022

Paper Review Notification
In 1-2 Days

Paper Publishing
In 2-3 Days

Never miss an update from Papermashup

Get notified about the latest tutorials and downloads.

Subscribe by Email

Get alerts directly into your inbox after each post and stay updated.

Subscribe by RSS

Add our RSS to your feedreader to get regular updates from us.