One of the most successful drive-by attack toolkits available to cyber criminals, Black Hole is dominating the criminal marketplace. In this talk, we will explore how the exploit kit is sold, kit features, how attackers are using it to ensnare victims and the speed with which new vulnerabilities are being exploited. Techniques for defending against Black Hole and other exploit kits will be presented along with trends in the underground that may hint at what is coming next.