Press Release announcing Samsung's $650 million biometrics acquisition was a fake
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.
1. chunky1x (Posts: 270; Member since: 28 Mar 2010)
This story is a big lie just like Samsung's benchmark results.
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 :)
10. joey_sfb (Posts: 4360; 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.
8. Ronny666 (Posts: 108; Member since: 08 Jun 2013)
I suppose you don't understand English very well. :)
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?
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?
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.
12. MobileKicker (Posts: 212; Member since: 19 Sep 2013)
Like you are an agent
"Crime syndicate in east europe"
Who told you that kid