WireWatch
A wire-transfer fraud detector for small businesses, flagging suspicious vendor payment changes and invoice redirects before money leaves the account.
small business owners and bookkeepers responsible for approving vendor payments
- Email plugin that scores incoming vendor invoice changes for risk (new address, urgent tone, domain mismatch)
- One-click verification workflow that calls vendors on a known phone number to confirm changes
- Insurance-grade audit log for any payment flagged or approved
- BEC playbook with templates for what to do if a payment has already gone out
Business email compromise costs SMBs billions annually and most have no fraud team — NocTORnal's investigation tooling shows how complex the post-attack work is, and SMBs need the pre-payment guardrails more than the forensics toolkit.
FBI IC3 2024 reports $2.77B in BEC losses across 21,442 incidents; BEC accounts for 73% of reported cyber incidents — quantified, acute pain hitting SMBs.Business Email Compromise Statistics 2026 - Hoxhunt ↗2024 FBI IC3 Report: Business Email Compromise Remains a Multi-Billion ↗
Enterprise vendors (Abnormal Security, Material, Proofpoint) dominate, but few purpose-built, SMB-priced tools specifically for pre-payment vendor-account/ACH validation; AP automation vendors (BILL, Melio) are only starting to add fraud guardrails.Best 10 Fraud Detection and Prevention Solutions For Business (2026) ↗Rising Incidents of BEC and Wire Fraud: Tales from the Front Lines ↗
Preventing one wire transfer (avg five-figure loss) makes ROI obvious; B2B fraud/security tools routinely command $50–$300+/mo at SMB tier and enterprise deals are $10K+ — clear willingness to pay for proven prevention.Top Fraud Prevention Alternatives & Competitors 2026 - Gartner ↗The 2025 IC3 Report: The Staggering Data Behind Wire Fraud and BEC ↗
BEC losses have grown for a decade and generative AI is making impersonation/invoice-redirect attacks more convincing — structural, worsening problem with no near-term fix.Wire Transfer Fraud & BEC: 2026 Reference | Nudge ↗Business Email Compromise Statistics 2026: BEC Fraud ↗
Requires deep email/ERP/banking integrations, vendor baseline modeling, and tuned anomaly detection — Abnormal Security raised hundreds of millions to build comparable infra; non-trivial for a small team to ship credibly.2024 FBI IC3 Report: Business Email Compromise Remains a Multi-Billion ↗