Rathbones Folio loses £30k prize money to cyber scam as fraudsters target literary prizes

Rathbones Folio loses £30k prize money to cyber scam as fraudsters target literary prizes

Publishing-related cyber scams have spiked in lockdown with the Rathbones Folio Prize losing £30,000 to an email fraudster, and at least three other awards targeted, The Bookseller can exclusively reveal. Meanwhile, publishers, agents and industry bodies say they have also experienced a rise in cyber attacks to secure author manuscripts.

The Rathbones Folio Prize money, worth £30,000, was sent to a scammer posing as the winning author last year, requesting payment by online payment system PayPal. Minna Fry, executive director of the Rathbones Folio Prize, told The Bookseller: “We can confi...

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