CyberCartel Uses AI to Attack Latin American Financial Institutions

AI-assisted source synthesis · not an independent investigation.

On October 22, 2026, PYMNTS, citing The Information, reported on research by Straiker stating that CyberCartel is using a network of AI agents powered by artificial intelligence models such as Claude and Grok to launch attacks against targets in Latin America. The research showed that it had more than 400 targets, involving banks and payment companies. The report did not disclose the duration of the attacks, the specific institutions affected, or the losses incurred, nor did it state whether the relevant banks or payment companies had taken countermeasures. The only known development so far is that the organization was reportedly using multiple AI models to coordinate attacks against targets in Latin America's financial and payments sectors.

AI-written from reports · updated 2 hours ago

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