Is the cost of fraud from chargebacks concerning?

According to the 2016 LexisNexis “The True Cost of Fraud Study,” 1.47% of revenue across all retail segments was lost to fraud. Particularly alarming is that the cost of fraud as a percentage of retail revenue increased 94% in 2015 compared to 2014. The cost of fraud across the retailing industry is highly concerning; most concerning is that the costs for retailers continue to grow at an alarming rate.