Microsoft may be the latest victim of Lapsus$

The South American-based data extortion hacking group Lapsus$ has allegedly gained access to Microsoft's Azure DevOps source code repositories and stolen data from the company.

Unlike other cybercriminal groups which deploy ransomware on the devices of their victims, Lapsus$ instead prefers to target the source code repositories of large tech companies. After stealing their proprietary data, the group then tries to ransom it back to the companies themselves for millions of dollars.

Source