I will discuss how the market for exploit kits has been changing, in techniques, marketing and prices. I argue that the competitiveness between exploit kits shows a maturing market, but will leverage economic theory to demonstrate the limits to which that market will continue to mature. This should allow us to understand how exploit kits affect (and are affected by) the rest of the greater market for hacker services, from malware (as an input) to nation-state level attacks (e.g. trickle down from Hacking Team). I hope to provide a better understanding of how exploit kits work and how their sold as well as how this market can teach us about the rational choice to engage in criminal activity and how we might dissuade them.

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