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inetco

Mythos access may be limited, but banking threats are there for all to see

Jun 4, 2026 By Bijan Sanii In INETCO
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.
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inetco

The new reality for acquirers: blocking transactions that trigger card scheme penalties

Jun 3, 2026 By Joe Kitos In INETCO
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.
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inetco

Why Kuwait's WAMD penalty framework demands real-time payment visibility and in-flight fraud prevention

May 27, 2026 By Joe Kitos In INETCO
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.
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inetco

CCI Welcomes INETCO to National Network of Innovators

May 25, 2026 By Joe Kitos In INETCO
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.
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inetco

INETCO surpasses 100 billion annual transactions as demand for payment fraud protection soars

May 20, 2026 By Joe Kitos In INETCO
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.
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inetco

INETCO's Bijan Sanii on the threat every South African bank should be worried about

May 13, 2026 By Stacy Gorkoff In INETCO
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.
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Why CCSS Level 3 Certification Is Becoming Critical for Crypto Payment Providers

Why CCSS Level 3 Certification Is Becoming Critical for Crypto Payment Providers

May 13, 2026 By SecuritySenses In SecuritySenses
The rapid growth of institutional crypto adoption is forcing companies to pay much closer attention to cybersecurity standards and infrastructure resilience. As digital assets become part of mainstream financial operations, businesses increasingly expect payment providers to demonstrate independently verified security practices rather than relying solely on internal claims.
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Smart Routing in Payment Systems: How It Boosts Acceptance Rate

Smart Routing in Payment Systems: How It Boosts Acceptance Rate

May 11, 2026 By SecuritySenses In SecuritySenses
Every declined transaction is lost revenue. Industry data consistently shows that online merchants lose a meaningful share of potential transactions to technical processor declines, incorrect routing, or individual acquirer limits - losses entirely unrelated to customer intent or card validity. Smart routing is the architectural solution that addresses this systematically. A declined transaction is not a customer saying no. It is your payment infrastructure saying it cannot handle the request - a fixable engineering problem.
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inetco

Are banks ready for AI-powered cyber threats?

May 7, 2026 By Joe Kitos In INETCO
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.
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Payment Infrastructure Is Now Part of the Attack Surface

Payment Infrastructure Is Now Part of the Attack Surface

May 5, 2026 By SecuritySenses In SecuritySenses
Every payment creates a moment of trust. A customer enters card details, a gateway approves or rejects the transaction, fraud checks run in the background, and sensitive data moves between systems in seconds. When that process works, it feels invisible. When it fails, the damage can reach far beyond a lost sale.
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