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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 nation-state actors leveraging these tools for surveillance and cyber operations.

03 April 2026Last updated 03 April 20265 min readRaptor Cyber Intelligence
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Executive Takeaway — TL;DR

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

Introduction

The proliferation of mercenary spyware and exploit brokers has significantly altered the cyber threat landscape in Latin America. Nation-state actors are increasingly leveraging these tools to conduct surveillance and cyber operations, raising critical concerns about privacy and security in the region.

Mercenary Spyware and Exploit Brokers in Latin America

Mercenary spyware refers to surveillance software 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 Cytrox's Predator.

Exploit brokers are entities that discover, develop, and sell zero-day vulnerabilities to the highest bidder, often without disclosing them to the affected software vendors. This practice enables rapid exploitation of these vulnerabilities by malicious actors.

Nation-State Actors Leveraging Mercenary Spyware

Nation-state actors in Latin America have been observed utilizing mercenary spyware for various purposes, including surveillance of political opponents, journalists, and activists. For instance, in 2017, Mexican journalists and lawyers were targeted with NSO Group's Pegasus spyware, highlighting the misuse of such tools against civil society. (citizenlab.ca)

In 2024, Google reported that Russian state-sponsored hackers, identified as APT29, reused exploits from commercial spyware vendors NSO Group and Intellexa. This incident underscores the potential for exploit brokers to inadvertently or intentionally supply vulnerabilities to state-sponsored actors, amplifying the scale and impact of cyber operations. (arstechnica.com)

Red Team Frameworks and Surveillance-as-a-Service

Red team frameworks are tools and methodologies used to simulate adversarial attacks, allowing organizations to assess and improve their cybersecurity posture. While these frameworks are primarily intended for defensive purposes, they can be repurposed for offensive operations by malicious actors.

Surveillance-as-a-Service refers to the commercialization of surveillance capabilities, where private companies offer comprehensive monitoring solutions to government clients. This model has led to the emergence of entities like Cytrox, which developed the Predator spyware suite. Predator has been linked to surveillance operations in multiple countries, including Egypt and Greece, targeting politicians, journalists, and activists. (en.wikipedia.org)

Implications for Latin America

The availability and use of mercenary spyware and exploit brokers in Latin America pose significant risks to privacy, freedom of expression, and democratic processes. The targeting of journalists and activists with surveillance tools undermines the fundamental rights of individuals and can have a chilling effect on free speech.

Furthermore, the involvement of nation-state actors in deploying these tools complicates attribution and accountability, making it challenging to hold perpetrators responsible for their actions.

Conclusion

The intersection of mercenary spyware, exploit brokers, and nation-state actors represents a critical threat to the cybersecurity landscape in Latin America. It is imperative for governments, civil society, and the international community to collaborate in developing frameworks and policies to regulate the use of such surveillance technologies and protect individual rights.

Highlights:

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