criminals, state sponsored members, cyber terrorists which we can debate whether or not they exist and hackivist. here i'm just talking about cyber criminals. and if everyone -- if anyone has watched the abc show "shark tank" and you know mr. wonderful, all he cares about is making money. well all cyber criminals care about is making money. my impression could be better, i know. so we're just talking about people who care about making money. this's different cyber threat actors out there. what do the markets look like? we broke them down into four different components, participants, business conduits, products an pricing. i'm going to go through each one of those. but in addition to looking at the four different components, we also wanted to compare these markets to traditional markets to look at the economics of them and to see how mature these cyber crime black markets were. so we came up with five elements of maturity and i'm tick through them now. and as i go through the different components keep these in the back of your mind. the first is sophistication where the markets change and adapt t

advanced persistent threats, cyber terrorists that we can debate whether or not they exist, and hackivists. if anyone has watched the abc show "shark tank" and you know in wonderful, all he cares about is making money. all cyber criminals care about is making money. my impression could be better, i know. we are just talking about people who care about making money. there are different cyber threat actors out there. we have broken them into participants, business conduits, products and pricing, and i will go through each of these. in addition to looking at these four different components, we wanted to compare these markets to traditional markets, to look at the economics of them and to see how mature these cyber crime black markets were. so we came up with five different elements of maturity and i'll tick through them now. as i go through the components keep them in the back of your mind. first is sophistication where the markets change and adapt to current needs. next is resilience where external events don't affect the markets or if they do the markets bounce back. resilience or external