Fraud basis points are a measure of card fraud severity. In 2018, in the United Kingdom (UK) fraud basis points were recorded as 5.85. This meant that for every one hundred euros there was approximately 5.85 cents lost to fraud. The UK was also the country with the highest value of fraud losses in Europe. Romania and Russia, on the other hand, had fraud basis points of 0.12.
Card fraud-to-sales ratio* in Europe in 2018, by country
(fraud basis points)
* The source added the following information "Fraud basis points is a standard measure of card fraud severity, and can show how a bank or a country is doing relative to others. 8.9 basis points is equivalent to 8.9 cents per €100. It works the same in any currency and provides an indicator of the fraud-to-sales ratio."
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FICO. (September 6, 2019). Card fraud-to-sales ratio* in Europe in 2018, by country (fraud basis points) [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/911856/card-fraud-to-sales-ratio-in-europe-by-country/
FICO. "Card fraud-to-sales ratio* in Europe in 2018, by country (fraud basis points)." Chart. September 6, 2019. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/911856/card-fraud-to-sales-ratio-in-europe-by-country/
FICO. (2019). Card fraud-to-sales ratio* in Europe in 2018, by country (fraud basis points). Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/911856/card-fraud-to-sales-ratio-in-europe-by-country/
FICO. "Card Fraud-to-sales Ratio* in Europe in 2018, by Country (Fraud Basis Points)." Statista, Statista Inc., 6 Sep 2019, https://www.statista.com/statistics/911856/card-fraud-to-sales-ratio-in-europe-by-country/
FICO, Card fraud-to-sales ratio* in Europe in 2018, by country (fraud basis points) Statista, https://www.statista.com/statistics/911856/card-fraud-to-sales-ratio-in-europe-by-country/ (last visited November 18, 2024)
Card fraud-to-sales ratio* in Europe in 2018, by country (fraud basis points) [Graph], FICO, September 6, 2019. [Online]. Available: https://www.statista.com/statistics/911856/card-fraud-to-sales-ratio-in-europe-by-country/
