It is a combination of short message service (SMS - also known as text messaging) and phishing (the act of emailing someone with the intent of obtaining personal information that can be used for identity theft).
In this case, fraudster sends message over SMS, rather than Email. Smishing message may look like
"You have won a 2 free tickets to an Amusement Park, visit this website to claim your prize".
Clicking on the link may lead you to a website asking for personal information.
These are becoming more common due to smart phones becoming more popular.
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