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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