Hackers Use AI to Target LatAm Banks

CyberCartel employs AI agents from Claude and Grok to breach Latin American financial institutions.

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Oct 21, 2026

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Hackers Use AI to Target LatAm Banks

CyberCartel employs AI agents from Claude and Grok to breach Latin American financial institutions.

In brief

CyberCartel employs AI agents from Claude and Grok to breach Latin American financial institutions. CyberCartel used AI models to automate attacks on over 400 Latin American banks and payment companies. Originally reported by Pymnts.

Hackers Employ AI Agents

CyberCartel reportedly used AI agents from Claude and Grok to automate cyberattacks on Latin American businesses.

Attack Targets 400+ Financial Institutions

The hackers attacked more than 400 Latin American targets including banks and payments companies using AI agents.

AI Gives Cybercriminals Advantage

AI Gives Cybercriminals Advantage

AI models let hackers carry out attacks quickly and in greater numbers than corporate defenses can handle.

Straiker CEO on Defense Gap

Straiker CEO Ankur Shah said enterprises are not ready for AI-powered cyberattacks.

“‘Offense is way ahead of defense right now, that’s just how it is,’ Straiker CEO Ankur Shah told The Information. ‘Enterprises are just not ready.’”

Anthropic Blocks AI Use

Anthropic quickly blocked hackers’ use of Claude after finding out about the attacks.

The key point

CyberCartel used AI models to automate attacks on over 400 Latin American banks and payment companies.

Read the original on Pymnts

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