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Press Release announcing Samsung's $650 million biometrics acquisition was a fake

Posted: , by Alan F.

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Press Release announcing Samsung's $650 million biometrics acquisition was a fake
Now that a fingerprint sensor has apparently caught on with the public (unlike the one on the Motorola ATRIX 4G) thanks to the Touch ID on the Apple iPhone 5s, an Android model is giving the feature another chance on the platform. If you're a loyal PhoneArena reader, you certainly know by now that the HTC One Max will come to market with its own fingerprint sensor. And Apple has been so pleased with the reception to the Touch ID, and how it has been working (flawlessly is the word used most often), that leaked photos show that the upcoming Apple iPad 5 and Apple iPad mini 2 will both have the feature.

So when a press release made the rounds on Friday morning claiming that Samsung had purchased a biometrics firm called Fingerprint Cards in a $650 million all cash acquisition, why would anyone give it a second look? The presser was distributed by Cision, a firm known for handing out PR material.

The only problem is that there was no such deal as both Korean based Samsung and Fingerprint Cards denied that there was an acquisition in place. And if you're looking for a motive for why someone would take the time to construct what Cision calls a "sophisticated fraud," consider that the stock price of the biometrics firm rose 50% in minutes once the news went out. All of the trades were canceled and investigations have been started by the appropriate agencies to see if they can, ahem, finger the individual behind the fraud. 

Samsung is said to be working on a fingerprint scanner of its own and almost included it on the recently released Samsung Galaxy Note 3.

source: Reuters

12 Comments
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posted on 11 Oct 2013, 12:10 17

1. chunky1x (Posts: 223; Member since: 28 Mar 2010)


This story is a big lie just like Samsung's benchmark results.

posted on 11 Oct 2013, 12:16 2

2. Miracles (Posts: 472; Member since: 31 Aug 2013)


What he said. :D

posted on 13 Oct 2013, 11:28

11. MobileKicker (Posts: 212; Member since: 19 Sep 2013)


Samsung is fake

posted on 11 Oct 2013, 12:25 4

3. apple4never (Posts: 932; Member since: 08 May 2013)


LOOL WELL SAID

posted on 11 Oct 2013, 12:33 8

4. TwentyWendy (banned) (Posts: 65; Member since: 12 Aug 2013)


The conclusion of this article is, Samsung is brave enough to tell the truth now and prove it's innocent. Which is unnecessary because Samsung is already innocent in the very beginning :)

posted on 12 Oct 2013, 03:27

10. joey_sfb (Posts: 2748; Member since: 29 Mar 2012)


Its not a Samsung press release besides Samsung is making their own. Next year, Apple would be buying the finger sensor parts from Samsung as well.

posted on 11 Oct 2013, 15:16

8. Ronny666 (Posts: 108; Member since: 08 Jun 2013)


I suppose you don't understand English very well. :)

posted on 11 Oct 2013, 12:55

5. iHamzaDev (Posts: 7; Member since: 09 Oct 2013)


Two things that entertained me in the article:

"... Fingerprint Cards in a $650 all cash acquisition" - $650, really? That's cheap!

"... ahem, finger the individual behind the fraud." - Hmmm... need I explain about this one?

posted on 11 Oct 2013, 14:18 3

6. TomTheNerd (Posts: 67; Member since: 11 Oct 2013)


"investigations have been started by the appropriate agencies to see if they can, ahem, finger the individual behind the fraud."

sure, find them and stuff, but don't they think fingering them is a step too far?

posted on 11 Oct 2013, 14:30

7. hassoups (Posts: 281; Member since: 06 Jun 2013)


haha lol

posted on 11 Oct 2013, 19:28

9. frrboom (Posts: 9; Member since: 09 Oct 2013)


It has nothting to do with fingerprint or samsung. This was a organised attack from crime syndicate in east europe.

posted on 13 Oct 2013, 11:33

12. MobileKicker (Posts: 212; Member since: 19 Sep 2013)


Like you are an agent
"Crime syndicate in east europe"
Who told you that kid

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