Fooled by a fraudster, a communications agency issued a fake press release announcing the acquisition by Samsung Fingerprint Cards, a Swedish company specializing in fingerprint readers.
False information has wreaked havoc on the Stockholm Stock Exchange on Friday, October 11. A press release issued by the communication agency Cision AB announced the acquisition of Samsung Fingerprint Card AB Swedish company specializing in biometrics, for $ 650 million in cash.
The announcement was a bombshell and rapidly grow the market price of Fingerprint over 50%. I must say that the story had something to please. Samsung could very well have wanted to strengthen in biometrics, now that Apple has integrated this technology in its smartphones. The problem: the announcement was totally false and was immediately denied by the two companies involved.
How is this possible? Cited by Bloomberg agency Cision - which is a provider of Fingerprint Cards -. Said it had received the false statement from a person who is pretending to be a director of the client "Obviously, we were victims fraud, "says Magnus Thell, boss Cision, which has since filed a complaint. The Stockholm Stock Exchange suspended trading in Fingerprint shortly after discovering the pot roses. All transactions after the false announcement will be canceled.
This is not the first high-tech company is a victim of such a hoax. In 2000, the storage specialist Emulex saw its stock price plunge after a fake press has announced a big operating loss. Last November, a communication agency announces the acquisition by Google of a specialist in wireless technologies. Again, the action was based on identity theft.
False information has wreaked havoc on the Stockholm Stock Exchange on Friday, October 11. A press release issued by the communication agency Cision AB announced the acquisition of Samsung Fingerprint Card AB Swedish company specializing in biometrics, for $ 650 million in cash.
The announcement was a bombshell and rapidly grow the market price of Fingerprint over 50%. I must say that the story had something to please. Samsung could very well have wanted to strengthen in biometrics, now that Apple has integrated this technology in its smartphones. The problem: the announcement was totally false and was immediately denied by the two companies involved.
How is this possible? Cited by Bloomberg agency Cision - which is a provider of Fingerprint Cards -. Said it had received the false statement from a person who is pretending to be a director of the client "Obviously, we were victims fraud, "says Magnus Thell, boss Cision, which has since filed a complaint. The Stockholm Stock Exchange suspended trading in Fingerprint shortly after discovering the pot roses. All transactions after the false announcement will be canceled.
This is not the first high-tech company is a victim of such a hoax. In 2000, the storage specialist Emulex saw its stock price plunge after a fake press has announced a big operating loss. Last November, a communication agency announces the acquisition by Google of a specialist in wireless technologies. Again, the action was based on identity theft.
No comments:
Post a Comment