APT-C-36 has continued a long-running spam and spear-phishing campaign targeting organizations primarily in Colombia, with additional victims identified in Ecuador, Spain, and Panama. The activity has hit multiple sectors, including government, finance, healthcare, telecommunications, and energy, oil and gas, using Spanish-language lures to deliver malware through phishing emails.
Researchers reported that the group regularly changes its tradecraft to sustain access and reduce detection, rotating link shorteners and swapping in different commodity remote access trojans (RATs) as payloads. The campaign also uses geolocation filtering to narrow targeting and evade analysis, and its victimology and operational patterns indicate a motive aligned more with financial gain than traditional espionage.

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During the investigation, researchers observed APT-C-36 frequently changing its tactics, including rotating link shorteners, swapping remote access trojans and payloads, and using geolocation filtering to evade detection and refine targeting. Based on the victimology and tradecraft, the activity was assessed as more likely motivated by financial gain than espionage.
APT-C-36 conducted an ongoing campaign using Spanish-language spear-phishing emails to target organizations primarily in Colombia, with additional victims observed in Ecuador, Spain, and Panama. Affected sectors included government, financial services, healthcare, telecommunications, and energy, oil and gas.
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