Platform

Overview

How It Works

Beneficiary Identity

Policy Corridors

Deterministic Finality

Architecture

Security Model

Governance

Integration

Solutions

Corridors Overview

Institutional Overview

Pricing

All Scenarios

Humanitarian Impact Fund

Assurance

Technical Assurance

Verify Receipt

Receipt Example

Developers

Documentation

APIs & Bridges

Architecture Docs

Glossary

BID API

Company

About

Team

Partners

Roadmap

Investors

Contact

Blog

All Documentation

Schedule Consultation
Home/Case Studies/Stop BEC Before Settlement Executes

Stop BEC Before Settlement Executes

JIL stopped a high-value BEC redirection attempt by requiring intent-bound attestations and enforcing corridor policy gates before execution.

Scenario Profile
Mid-Market Treasury Team (Scenario)
Region
North America
Industry
Manufacturing / Treasury Operations
Products Used
Settlement Router + A.T.E. Attestations + Evidence Bundle
Benchmark + Modeled Impact

Benchmark-based analysis

📊
Industry Benchmark (FBI IC3 2024)
BEC remains a multi-billion dollar threat: $2.77B in losses and 21,442 complaints in 2024.
⚙️
Mechanism
Mandatory re-attestation for beneficiary changes + step-up controls + corridor policy gates that can pause/reject before execution.
📈
Modeled Impact
If applied to beneficiary-change corridors, mandatory re-attestation can reduce successful redirection events by an estimated 20-60% (modeled; depends on coverage/enforcement).
🧮
Savings Formula
Estimated loss avoided = high-risk payment subset x loss-rate proxy x (20-60%). Optional total-cost view: x 4.60 (LexisNexis true cost multiplier).
Evidence Produced
Receipt ID + dual attestations + reason-coded policy log + PDF/JSON export.
$16.6B
FBI IC3 2024 Total Losses
$2.77B
BEC Losses (21K complaints)
79%
Orgs Hit (AFP 2024)
$4.60
Per $1 Fraud (LexisNexis)
Why JIL Wins

BEC succeeds when approvals are detached from instructions. JIL binds approvals to the payload, forces re-attestation on change events, and creates a defensible evidence trail.

Problem

A last-minute beneficiary change arrived through a compromised email thread. Traditional approvals could not prove that the instruction was legitimate.

Expected Outcomes
  • Blocked a fraudulent redirection attempt prior to execution
  • Reduced manual verification loops from hours to minutes (target KPI)
  • Generated an audit-grade evidence pack for compliance and incident response
The Industry Problem

Why this problem persists

BEC attacks win when approvals are detached from the instruction payload. Attackers exploit "approve the email" workflows that never cryptographically bind the approval to the actual settlement instruction. In this scenario, a sophisticated BEC actor compromised a vendor email thread and injected modified banking details into an otherwise routine payment approval chain. The treasury team had no way to distinguish the fraudulent instruction from a legitimate one - because the approval workflow validated the email, not the instruction payload.

How JIL Solves This

The JIL approach

JIL enforced a corridor rule: no final settlement without sender + receiver intent attestations bound to the instruction payload. When the beneficiary details changed, the corridor required step-up verification and re-attestation. The fraudulent instruction failed the attestation check because the altered beneficiary could not produce a valid cryptographic binding. The system generated an evidence pack documenting the attempted redirection, the failed attestation, and the policy decision - all indexed by receipt ID for instant retrieval.

Scenario Parameters
CorridorTreasury - high-value vendor / bank instruction changes
Monthly VolumePilot cohort
Risk ClassHigh
IntegrationsTreasury approvals + IdP + notifications
Evidence OutputsReceipt + attestations + policy decision log
Receipts & Proof Produced

Every settlement event produces verifiable evidence

📜
Settlement Receipt
📝
Intent Attestations
📋
Policy Log
📦
Audit Export

Before vs After

Before JIL
  • Callback chaos
  • Screenshot compliance
  • Disputed approvals
  • Hours of manual verification
After JIL
  • Enforced proofs
  • Deterministic receipts
  • Defensible evidence packet
  • Minutes to verify

What Made the Difference

Corridor policy gates

blocked disputed instructions before execution

Step-up rules

for beneficiary changes and destination novelty

Portable evidence

reduces audit friction and dispute resolution time

Deterministic receipts

unify ops + risk + compliance around a single timeline

Next Steps

Deployment path

Expand to all high-risk corridors, add automated "change-of-bank" triggers, and standardize quarterly evidence exports for audit.

Benchmark-Based Modeled Impact: The "Modeled impact" estimates above are derived from public benchmarks and the control changes enabled by JIL Sovereign. Actual outcomes vary by corridor coverage, policy configuration, counterparties, and operating environment.

Ready to see JIL in your environment?

These scenarios demonstrate deployed JIL capabilities against documented industry problems. Define your corridor, configure your policies, and run a proof of concept.