The FBI estimates that, in 2020, fraudsters played more than 20,000 “business email compromise” (BEC) hustles in the United States, making away with $1.8 billion. In this enthralling investigative report, journalist Evan Ratliff examines the shadowy world of BEC thefts against the backdrop of the lavish life of Ramon Abbas, who amassed a multimillion-dollar bankroll from his cyber thefts. Ratliff expertly maps out how BEC scams work, noting the snares corporations typically fall into. Executives looking to understand BECs will find a shocking story of deception in this noirish report.
About the Author
Evan Ratliff is a journalist at Bloomberg.