Best Buy, Experts Warn of Free Gift Card SMS Scams

100,000 users will probably receive the shady SMSs by mid-November

By on October 13th, 2012 17:51 GMT

Best Bay SMS scams are not new, but experts are starting to record a considerable increase in the number of complaints made by their victims.

Scambook anticipates that by mid-November, a total of 100,000 users may receive the scammy text messages on their phones. Even worse, experts estimate that the damages caused by these schemes will be over $40,000 (32,000 EUR).

The latest scam reads something like this: Your entry last month has WON! Go to BestBuyWin.net (BestBuyWin.mobi) and enter your winning code 5555 to claim your free $1,000 Best Buy gift card within 24 hours.

Of course, no one ever wins the free gift cards. The fine print on the shady websites reveals that “winners” must sign up for paid services and convince their friends to do the same.

Also, sensitive information is collected throughout the entire process.

Best Buy is aware of these phony SMS messages. The company says that it has taken a number of steps, including legal action, to stop these scams.

In the meantime, I advise you to be extra cautious if you receive such messages. Even if they look legitimate, they’re just part of a malicious plot.
Best Buy scam site
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