Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Originally published in Vancouver Tech Journal, June 2, 2026. Bijan Sanii is CEO and founder at INETCO It may seem reassuring that JPMorganChase, the largest U.S. bank, is among the 12 launch partners involved in Anthropic’s Project Glasswing. But given the stark cybersecurity warning the initiative represents, including a single financial institution is nowhere near enough.

Picture this: Your payments team starts the week with what looks like a routine performance review. Authorization rates are slightly off. A handful of merchants are seeing more retries than usual. Declines are climbing in one segment of the portfolio. But nothing looks catastrophic…yet. Then the warning signs start stacking up. An AI-driven BIN attack has quietly pushed enumeration activity higher. A few merchants are generating abnormal dispute patterns.

When Kuwait launched the WAMD real-time payment rail in 2024, the goal was clear: Enable banks and financial institutions to add speed, convenience and resilience to the country’s national payment infrastructure. Facilitated by the KNET Payment Gateway under the supervision of the Central Bank of Kuwait (CBK), the service has become such a key part of the country’s digital banking ecosystem that the CBK is making it crystal clear that real-time must also mean reliable.

Canada’s fintech and cybersecurity sectors continue to gain global recognition, and organizations like the Council of Canadian Innovators (CCI) play an important role in amplifying the companies shaping the country’s technology future. CCI represents many of Canada’s fastest-growing technology firms, advocating for policies and initiatives that strengthen innovation, economic growth and global competitiveness.

Monitoring milestone highlights shift toward real-time transaction intelligence as financial institutions face escalating fraud and operational risk VANCOUVER, B.C. — May 21, 2026 — INETCO, a global leader in real-time payment fraud prevention, today announced the monitoring of more than 100 billion transactions per year, empowering financial institutions and payment service providers across more than 30 countries to outsmart fraudsters, stay compliant and keep every customer safe.

Article by Luis Monzon originally published on MyBroadband, May 9, 2026. Anthropic’s AI model Mythos, part of its Claude software, represented a clear threat to banks and financial institutions in South Africa. This is according to Bijan Sanii, CEO of Canadian fraud detection provider INETCO. Anthropic, one of the world’s most important generative AI makers, positioned Mythos as an extremely capable AI model designed to identify vulnerabilities in critical software beyond human capabilities.

A recent American Banker article, “Knock on wood: Are banks doing enough to cope with Mythos?” raises a timely and uncomfortable question about advanced AI models like Anthropic’s Claude Mythos. As highlighted in the article, INETCO CEO Bijan Sanii points out a critical truth: The conversation is being fueled by the emergence of AI technology capable of identifying software vulnerabilities at a speed and scale that was previously unimaginable.

Banks, payment processors and fintechs have long relied on Know Your Customer (KYC) processes to verify identity and assess the risk of doing business with the customer during onboarding, and on Know Your Business (KYB) processes to validate business legitimacy. But today, that’s no longer enough.

When it comes to real-time payments, fraud moves fast — but liquidity stress can move even faster. A fraud or cyberattack can quickly become a liquidity event when it disrupts settlement funds, triggers abnormal transaction flows or forces payment services offline. That is why banks, payment processors and instant payment networks need real-time visibility into transaction activity, settlement exposure and emerging operational risk.

INETCO has been named Best Online Fraud Detection & Cyber Security Software 2026 by Corporate Vision in the Canadian Business Awards. This recognition highlights the real world impact our customers are making to prevent payment fraud and strengthen cyber resiliency across global payment ecosystems.