One counterfeit part discovered every 15 seconds? Yikes! Two people just got screwed over in the time it took you to read this.
The number of reported counterfeit electronic component parts continues to rise at alarming rate as it remains on track with the record set in 2011, according to market intelligence firm IHS iSuppli. In February, IHS reported that there were a reported 1,363 separate counterfeit-part incidents worldwide, up from 324 in 2009.