A fake contest for a $1,000 Target gift card has been declared 2012's "Scam of the Year" by online complaint resolution platform Scambook. Most victims of this "smishing" con haven't lost any money - yet. But the bad news for those who fell for it is, the trouble has only just begun.
Cyberspace is full of scams, and the con artists keep developing new ones. One of the latest is "smishing": It's like a phishing email that comes as a text message on your cell phone, and there's more than one way it can cost you.