Are You Giving $250.00 Walmart Gift Certificates Away On Facebook? Scam?

5. Dialing for Dollars (With a ring of fraud)

How it works: You get a text message on your cell phone from your bank or credit card issuer: There’s been a problem, and you need to call right away with some account information. Or the message says you’ve won a gift certificate to a chain store—just call the toll-free number to get yours now.

What’s really going on: The “bank” is a scammer hoping you’ll reveal your account information. The gift certificate is equally bogus; when you call the number, you’ll be told you need to subscribe to magazines or pay shipping fees to collect your prize. If you bite, you will have surrendered your credit card information to “black hat” marketers who will ring up phony charges.

The big picture: Welcome to “smishing,” which stands for “SMS phishing,” the new, text-message version of the lucrative e-mail scam. In this ploy, scammers take advantage of the smart-phone revolution—hoping that a text message to your cell will make it less likely you’ll investigate the source, as you might do while sitting at your desk. Since many banks and businesses do offer text-message notifications, the scam has the air of legitimacy. Shirena Parker, a 20-year-old newlywed in Sacramento, California, was thrilled when she got a text message announcing she’d won a $250 Wal-Mart gift card. When she called the number, a representative explained there would be a $2 shipping charge (later upped to $4 by another “representative”). Parker gave the scammer her debit card number and started getting round-the-clock calls from him, asking for the phone numbers and e-mails of friends and family. “It was turning into harassment,” she says. After two days, she contacted the Better Business Bureau, which told her that Wal-Mart was not giving away gift cards. Hearing that, Parker’s husband canceled their debit card before the con could empty the account but not before he had helped himself to the $4 “shipping” charge.
“I don’t know how they got my name and phone number,” says Parker. “But I learned my lesson.”

Avoidance maneuver: Real banks and stores might send you notices via text message (if you’ve signed up for the service), but they never ask for account information. If you’re unsure, call the bank or store directly. You can also try the Better Business Bureau, or Google the phone number to see if any scam reports turn up. Had Parker checked out the phone number, she would have learned this was a scam.

Read more: http://www.rd.com/advice/saving-money/7-online-scams-and-how-to-avoid-them/2/#ixzz2nr9OLPWG

I hope this is helpful to you!

Please respond to my effort to provide you with the best possible solution by using the "Acceptable Solution" and/or the "Helpful" buttons when the answer has proven to be helpful. Please feel free to submit further info for your question, if a solution was not provided. I appreciate the opportunity to serve you!