Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

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

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.

Are banks ready for AI-powered cyber threats?

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.