TURKEY No Change in Fraud YoY
CNP Fraud Held at Bay Despite Big Increase In Ecommerce
Turkey continues to enjoy the success of its early adoptions of best-in-class fraud management frameworks and enterprise fraud management, spanning transactional and application fraud threats. This is proven by the continued stability of the CNP threat, whilst the ecommerce market has grown by 39%.
Despite the successes, there is room for improvement. Increased focus on the usage of data from within and outside of the region will pay dividends in combatting and reducing threats rather than simply controlling them. The Turkish banks continue to invest in innovation and addressing horizon threats rather than waiting for them to arrive in region, like so many others across Europe.