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RS Components sets up a new Electronic Center in Bangalore
UK fraud hits record £ 1.1bn as cybercrime soars
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RS Components sets up a new Electronic Center in Bangalore

and manufacturers in the region. The company also plans to set up a warehouse which will enable RS Components to undertake“ next day delivery” to its customers.
The Bangalore Centre will have technical marketing and support teams, specialized sales force that will focus on specific industry verticals like IoT, Medical Electronics, Aeronautics, Automotive and R & D sector.
RS Components, a 50:50 joint venture between RS Components( UK) & C & S
Electric Ltd.( India), has opened their innovation hub, a new‘ Electronic
Centre’ in Bangalore. The high service level supplier of electronic
components and tools plans to invest close to $ 15 million over the next two to five years at the Bangalore centre.
The new 2000 Sq feet office in the heart of Bangalore has been set up to support electronic design engineers
Speaking at the launch of the Electronic Centre, Mr. Keith Rice, Head of Emerging Markets, RS Components, said,“ Our Electronic Centre at Bangalore is a great opportunity to bespeak RS’ strong value proposition in the light of our technical expertise and tailor made solutions that create a huge difference in the day-to-day life of a design engineer.”

UK fraud hits record £ 1.1bn as cybercrime soars

The value of fraud committed in the UK last year topped £ 1bn for the first time since 2011, prompting a warning about increasing cyber crime and the risk of more large-scale scams as the economy comes under pressure.
The 55 % year-on-year rise in the value of fraud to £ 1.1bn reported in the court system was recorded by accountants KPMG, which found that while the cost of fraud was higher the number of incidents was lower.
Highlighting a dramatic rise in cybercrime, KPMG’ s statistics included a £ 113m cold-calling scam for which the ringleader received an 11-year jail sentence in September. Feezan Hameed was caught after targeting 750 Royal Bank of Scotland customers
us two things. Firstly, that we can
becomes more sophisticated.
in the biggest cyberfraud the
expect more of these super frauds as
Metropolitan police had seen.
challenging economic circumstances
Hitesh Patel, UK forensic partner at
place pressures on businesses and
KPMG, said:“ The figures for 2016 tell
individuals and as technology
Scigazette | 07 | February, 2017