European Card Fraud - Turkey
Explore card fraud loss trends across Europe with our interactive map, charts and analysis from FICO fraud experts
Low Losses Hide a Growing Threat
Turkey’s fraud losses have been on an upwards trajectory for several years now. There are consistent levels of Card Present fraud, but the cause of the incremental increase is in the Card Not Present space. Their fraud losses have increased by 5% between 2023 and 2024 to 40.4M TRY, despite a low BPS of almost 0. This indicates that although losses are on the rise, the proportion of fraud to genuine is too low to cause great concern in the country. This may begin to cause increasing problems if the loss impact continues the way it is going.
Turkey remains strong in their fraud prevention tools, with robust enterprise solutions and good fraud knowledge. However, the upward trend calls for greater focus on CNP fraud trends and adapting to the changing face of fraud typologies such as e-wallet fraud, social engineering of card details and risky merchant behaviour.