AWS announces a price reduction of up to 56% for Amazon Fraud Detector machine learning fraud predictions
We are excited to announce that we are lowering the price of Amazon Fraud Detector machine learning (ML) based fraud predictions. Fraud Detector is a fully managed service that makes it easy to identify potentially fraudulent online activities, such as the creation of fake accounts or online payment fraud. Using ML under the hood and based on over 20 years of fraud detection expertise from Amazon, Fraud Detector automatically identifies potentially fraudulent activity in milliseconds—with no ML expertise required.
We are excited to announce that we are lowering the price of Amazon Fraud Detector machine learning (ML) based fraud predictions. Fraud Detector is a fully managed service that makes it easy to identify potentially fraudulent online activities, such as the creation of fake accounts or online payment fraud. Using ML under the hood and based on over 20 years of fraud detection expertise from Amazon, Fraud Detector automatically identifies potentially fraudulent activity in milliseconds—with no ML expertise required.
With Fraud Detector, you are charged per fraud prediction. We are adjusting the usage tiers for fraud predictions that use Fraud Detector’s Online Fraud Insights ML model so that you reach the highest discount tier sooner. Previously, you needed to use 400,000 fraud predictions per month to reach the 50% discount tier and 1,200,000 fraud predictions per month to reach the 75% discount tier. Now, you will reach the 75% discount after just 100,000 fraud predictions per month.
The new pricing for Online Fraud Insights fraud predictions is as follows:
- $0.03 per prediction for the first 100,000 fraud predictions per month
- $0.0075 per prediction for usage above 100,000 fraud predictions per month
This represents significant savings for higher volume ML-based fraud prediction workloads. For example, a customer generating 500,000 Online Fraud Insights predictions per month would previously have paid $13,500. With this price reduction, that same customer will pay $6,000, a 56% savings over the previous pricing.
Amazon Fraud Detector customers automatically benefit from this new reduced pricing, which takes effect October 11, 2021 in all regions where Amazon Fraud Detector is available. For more details, see the Amazon Fraud Detector pricing page.