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.