This report assesses ransomware gangs and hacktivists the main cybersecurity threat to Latin American governments. These groups employ advanced encryption and data exfiltration techniques, exploit software vulnerabilities, and use detection evasion methods. They are highly adaptable and capable of quickly modifying their tactics in response to new cyber defenses. They operate regionally, targeting objectives in multiple countries and sectors. ; https://digitalcommons.fiu.edu/jgi_research/1064/thumbnail.jpg