Targeting Borderline Fraudsters: Multi-View Hypergraph Fraud Detection with LLM-Guided Contrastive Learning

Rui Ou, Kun Zhu, Nana Zhang, Jiangtong Li, Chaochao Chen, Yuhua Xu, Changjun Jiang

Abstract: Graph fraud detection (GFD) on transaction networks is crucial for safeguarding financial systems. However, due to the limited perspective of existing graph neural networks (GNNs) in the single transaction view, sophisticated fraudsters can disguise themselves to exhibit weak fraud signals, appearing as borderline fraudsters. To address this challenge, we propose MH-LGC, a multi-view hypergraph fraud detection model with large language model (LLM) guided contrastive learning. MH-LGC tackles two key limitations of existing GNN-based GFD methods: (1) Due to the local aggregation mechanism, existing methods struggle to capture high-order trading patterns among distant fraudsters. MH-LGC introduces two temporal hyper-views as complements to the transaction view and employs a Temporal Hypergraph Attention Network (THAN) to integrate the three views. (2) Most GFD methods overlook the rich semantic cues embedded in transaction data. Although some general graph learning studies have explored LLM integration, the high computational overhead and task-specific fine-tuning make them impractical for GFD tasks. MH-LGC introduces a semantic view through a fine-tuning-free LLM-Guided Contrastive learning (LGC), adopting a novel paradigm for integrating GNN and LLM to reduce the computational overhead of LLM. Extensive experiments on three real-world datasets demonstrate that MH-LGC outperforms twelve state-of-the-art baselines, with AUC improvements ranging from 1.10% to 5.70%.