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Mercenary Spyware and Exploit Brokers: A Growing Threat in Latin America

Cybercriminals in Latin America are increasingly leveraging mercenary spyware and exploit brokers to conduct sophisticated surveillance operations, posing significant risks to privacy and security.

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28 March 2026Last updated 28 March 20265 min readRaptor Cyber Intelligence
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Executive Takeaway — TL;DR

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

Introduction

In recent years, the proliferation of mercenary spyware and the activities of exploit brokers have significantly impacted the cybersecurity landscape in Latin America. Cybercriminals in the region are increasingly leveraging these tools to conduct sophisticated surveillance operations, posing substantial risks to individual privacy and national security.

Mercenary Spyware and Exploit Brokers

Mercenary spyware refers to surveillance software developed by private companies and sold to government clients for intelligence and law enforcement purposes. However, these tools have been increasingly acquired by cybercriminals, leading to unauthorized surveillance and data breaches. Exploit brokers play a crucial role in this ecosystem by discovering and selling zero-day vulnerabilities to the highest bidder, including both state and non-state actors.

Notable Actors and Tools

Several entities have been identified in the development and distribution of mercenary spyware:

  • Cytrox: Established in 2017, Cytrox developed the "Predator" spyware, which has been used to target individuals in various countries, including Greece and Egypt. (en.wikipedia.org)

  • Candiru: An Israeli company known for its "DevilsTongue" spyware, Candiru has been linked to surveillance operations targeting individuals in multiple countries. (en.wikipedia.org)

  • QuaDream: An Israeli firm that developed the "ENDOFDAYS" exploit, a zero-click attack targeting iOS devices. This exploit has been used to deploy spyware on high-risk iPhones. (blog.kowatek.com)

Impact on Latin America

The acquisition and deployment of mercenary spyware by cybercriminals in Latin America have led to several concerning developments:

  • Unauthorized Surveillance: Individuals, including journalists, activists, and political figures, have been targeted without consent, leading to significant privacy violations.

  • Data Breaches: The deployment of sophisticated spyware has resulted in unauthorized access to sensitive personal and organizational data, increasing the risk of identity theft and financial fraud.

  • Erosion of Trust: The use of such tools undermines public trust in digital platforms and institutions, as individuals become wary of potential surveillance.

Regulatory and Policy Responses

In response to these challenges, several measures have been proposed and implemented:

  • International Cooperation: Countries are encouraged to collaborate on establishing norms and regulations governing the use of surveillance technologies to prevent misuse. (american.edu)

  • Transparency and Accountability: Advocacy for greater transparency in the sale and use of surveillance tools, along with mechanisms to hold entities accountable for misuse.

  • Technological Safeguards: Development and implementation of security measures to detect and mitigate the effects of unauthorized surveillance tools.

Conclusion

The intersection of mercenary spyware and exploit brokers presents a complex and evolving threat landscape in Latin America. While these tools offer capabilities for legitimate surveillance, their misuse by cybercriminals poses significant risks to privacy and security. Ongoing efforts to regulate and monitor the use of such technologies are essential to mitigate these threats and protect individuals and organizations in the region.

Highlights:

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