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Weekly News Digest

June 5, 2018 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

CLICK HERE to view more Weekly News Digest items.

Thomson Reuters Studies How Financial Crime Affects Global Companies

Thomson Reuters rolled out “Revealing the True Cost of Financial Crime,” a report showing that 47% of large, global companies have been victims of fraud, theft, money laundering, or other financial crimes in the past 12 months. For the report, Thomson Reuters had surveyed more than 2,300 senior business leaders to find out how their companies have been affected, and they estimated that these crimes amounted to a total aggregated loss of $1.45 trillion, or about 3.5% of their global turnover. However, 41% of known instances of financial crime are not reported, due to fear of reputational damage and financial loss, among other reasons. The companies do business with an average of 5 million customers each year.

For more information, read the press release.

Send correspondence concerning the Weekly News Digest to NewsBreaks Editor Brandi Scardilli

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