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Mercenary Spyware and Exploit Brokers: A Critical Threat to Latin America

Mercenary spyware and exploit brokers pose a critical threat to Latin America, with advanced persistent threats leveraging commercial tools for surveillance-as-a-service.

31 March 2026Last updated 31 March 20265 min readRaptor Cyber Intelligence
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Executive Takeaway — TL;DR

Category:
Offensive Tools
Severity:
Critical
Actor Type:
APT
Geography:
Latin America
Confidence:
Confirmed
Source:
Raptor Cyber Intelligence
Read Time:
5 min

Introduction

The proliferation of mercenary spyware and exploit brokers has significantly intensified cyber threats in Latin America. Advanced Persistent Threats (APTs) are increasingly utilizing commercial offensive tools, red team frameworks, and surveillance-as-a-service offerings to conduct sophisticated cyber operations.

Mercenary Spyware and Exploit Brokers in Latin America

Mercenary spyware refers to surveillance tools developed by private companies and sold to government clients for intelligence and law enforcement purposes. These tools often exploit zero-day vulnerabilities to gain unauthorized access to target devices. Notable examples include NSO Group's Pegasus and Candiru's DevilsTongue.

In Latin America, there have been instances where such spyware has been used to target journalists, activists, and political figures. For example, in 2021, Pegasus was reportedly used to monitor individuals in Mexico, including journalists and human rights defenders. (en.wikipedia.org)

Exploit brokers are entities that discover and sell zero-day vulnerabilities to the highest bidder, often without disclosing them to the affected vendors. This practice enables APTs to acquire exploits for targeted attacks. The sale of such exploits has been linked to various cyber espionage activities in the region.

Commercial Offensive Tools and Red Team Frameworks

Commercial offensive tools and red team frameworks are legitimate products designed for penetration testing and security assessments. However, when acquired by malicious actors, they can be repurposed for cyber attacks. For instance, in 2022, Microsoft accused DSIRF, an Austrian data services firm, of exploiting multiple zero-day vulnerabilities to deploy malware against targets in Europe and Central America. (computerweekly.com)

Additionally, the development of AI-driven frameworks like RedTeamLLM has enhanced the capabilities of red teams and, by extension, APTs. These frameworks can automate intrusion testing and exploit discovery, making cyber attacks more efficient and harder to detect. (arxiv.org)

Surveillance-as-a-Service and Its Implications

Surveillance-as-a-service refers to the outsourcing of surveillance operations to private companies that provide end-to-end solutions, including spyware, exploits, and operational support. This model has lowered the barrier to entry for cyber espionage, enabling even less technically proficient actors to conduct sophisticated surveillance operations.

The availability of such services has led to an increase in targeted attacks against individuals and organizations in Latin America. The use of surveillance tools to monitor political dissidents, journalists, and activists has raised significant human rights concerns.

Conclusion

The convergence of mercenary spyware, exploit brokers, commercial offensive tools, and surveillance-as-a-service has created a complex and evolving cyber threat landscape in Latin America. APTs are leveraging these resources to conduct sophisticated and targeted cyber operations, posing significant risks to the region's security and stability. It is imperative for governments, organizations, and individuals to remain vigilant and proactive in addressing these threats.

Highlights:

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