TURKEY Increase in Fraud YoY
Data provided by
Euromonitor International, Consumer Finance 2022 Edition
Low Losses Provide Low Impulse for Change
Turkey has the lowest fraud basis points of all the countries studied, with 0.2 basis points in 2021. Despite the relatively low level of threat and low overall losses (€2M in relative value), Turkey’s overall losses have increased by 3% since 2020.
Turkey remains an industry leader where enterprise fraud management is concerned; many of our partners have robust enterprise solutions in place, with skilled and established fraud management teams. However, the same recommendations we made in last year’s report still apply; the use of more diverse forms of data and the removal of data silos will be imperative to prevent stagnation in Turkey’s fraud prevention efforts.