This could be a comprehensive introduction about the ubiquity of virtualization, the essential role of the hypervisor, and how the security posture of the overall environment depends on it. However, we decided otherwise, as this is what everybody is interested in: We will describe the Hyper-V architecture in detail, provide a taxonomy of hypervisor exploits, and demonstrate how we found MS13-092 which had the potential to compromise the whole Azure environment. Live demo included!