It has been reported recently that L3Harris looks to buy NSO Group. In the shadow of this discouraging market activity,  we return to a research report released by The Atlantic Council in November of last year entitled “Surveillance Technology at the Fair: Proliferation of Cyber Capabilities in International Arms Markets”  as part of their Cyber Statecraft Initiative.  In the report, the Council researchers place the availability of cyber capabilities in the context of the mature marketplace represented by annual international arms markets (which is a really creative framework for research on the growth of cyber-surveillance capabilities in the private sector). Following is an analysis of the major findings of the report.