Know Who You Are Paying Before You Pay Them.
Business Email Compromise does not require a sophisticated attacker. It requires a substituted account number and a treasury team that has no way to verify the change before the wire releases. JIL closes that gap in under 2 seconds.
in BEC wire fraud losses were reported to the FBI in 2023. Actual losses are estimated significantly higher. Recovery is below 18%.
The problem in one paragraph
The average incident costs between $125,000 and $3 million. Recovery is below 18% because once a wire clears, it is gone. The attack does not require breaking your bank's systems. It requires intercepting one payment instruction and changing one field - the destination account number. Your system validates the format. It does not validate whether that account belongs to your vendor.
Three things your current system cannot confirm.
Before any wire, ACH, or check instruction is released, JIL confirms:
- Does the destination account actually belong to the counterparty named on the instruction?
- Has this instruction changed recently in a way that matches known BEC patterns?
- Does this payment - in this amount, to this destination, at this time - fit the normal pattern for this relationship?
If the account has been substituted, the instruction returns a No verdict. If the timing or amount is anomalous, it holds for review. The money does not move. No recall. No $3 million loss. No conversation with your CFO about a wire that cannot be recovered.
Six checks. Scoped to wire and ACH fraud. Live in weeks.
- Beneficiary binding - destination account cryptographically tied to the verified counterparty record before the instruction is attested
- Account change detection - any modification to a beneficiary account triggers a 72-hour hold and re-verification
- BEC domain screening - email domain age, lookalike detection, SPF/DMARC validation on instruction sources
- Instruction provenance - hashed at initiation; any modification between submission and settlement is detected and blocked
- Behavioral anomaly scoring - amount, timing, and destination evaluated against established pattern for this payee
- Duplicate instruction detection - same payment, different account returns an immediate No verdict with the original attestation record cited
6 CHECKS. SCOPED TO WIRE AND ACH FRAUD. LIVE IN WEEKS.
Direct BEC prevention. Recovery cost elimination. Compliance leverage.
Direct Fraud Prevention (per $500M annual wire / ACH volume)
- Industry average BEC loss rate: ~0.6% of wire volume
- Expected annual BEC exposure: ~$3M
- JIL engagement cost at 35 bps on $500M = ~$1.75M annually
- Prevention of 80% of BEC attempts = ~$2.4M fraud prevented
- Net benefit year one: ~$650K after engagement cost
- At higher volumes the math accelerates: a $5B wire book with 0.6% exposure = $30M annual risk, $17.5M engagement cost, $24M prevention at 80% = net benefit $6.5M annually
Recovery Cost Elimination
- Wire recall costs: $500 - $2,500 per attempt regardless of outcome
- Legal fees on contested BEC losses: $25,000 - $150,000 per incident
- Regulatory reporting burden: eliminated when fraud is prevented rather than discovered after the fact
Operational Benefits
- Duplicate payment detection eliminates reconciliation disputes
- Account change verification workflow replaces manual callback procedures that are inconsistently applied and frequently bypassed under volume pressure
- Immutable attestation receipt on every payment - audit evidence generated at settlement, not reconstructed from logs
Compliance Benefits
- Nacha 2026 APP false-pretenses mandate addressed at the verification layer
- Every No verdict documented with the specific reason - defensible in regulatory examination
- OCC, FDIC, and Federal Reserve joint mandate on fraud monitoring across all four payment rails addressed by a single integration
2 to 4 weeks.
JIL integrates via API into your existing payment origination workflow. Your operations team sees verdicts through a compliance dashboard. Your treasury team sees nothing different - except payments that should not go out do not go out.
Schedule a Banking Fraud Consultation
See JIL's Verdict Engine applied to your wire, ACH, and check corridor. Most engagements go live in 2 to 4 weeks.
or email support@jilsovereign.com