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The Mock LISA Data Challenges are a programme to demonstrate and encouragethe development of LISA data-analysis capabilities, tools and techniques. Atthe time of this workshop, three rounds of challenges had been completed, andthe next was about to start. In this article we provide a critical analysis ofentries to the latest completed round, Challenge 1B. The entries confirm theconsolidation of a range of data-analysis techniques for Galactic andmassive--black-hole binaries, and they include the first convincing examples ofdetection and parameter estimation of extreme--mass-ratio inspiral sources. Inthis article we also introduce the next round, Challenge 3. Its data setsfeature more realistic waveform models (e.g., Galactic binaries may now chirp,and massive--black-hole binaries may precess due to spin interactions), as wellas new source classes (bursts from cosmic strings, isotropic stochasticbackgrounds) and more complicated nonsymmetric instrument noise.

The Mock LISA Data Challenges: from Challenge 1B to Challenge 3