Managing personal Outlook.com account settings, security, and privacy
So the point of reporting them is:
1.) so Microsoft can learn from the email to help protect you in the future.
2.) if it is the blackmail scam or extortion scam they can get the correct people involved if they believe a law is being broken or someone is in danger.
You can do number two yourself if you want to contact the FBI’s cyber team or your local law enforcement.
So it’s a personal opinion, most of these actors are hard to find or in another country so immediate action won’t be taken.
We advise our employees to report any suspicious emails this allows us to investigate emails and see if we can get information like (IP address, servers the message went through, if the scammer left any personal email in the data)
So if you don’t report it “Microsoft will never step up there game” if you do report it, it could help Microsoft get better at spotting spam / phishing emails before they hit your inbox.
Not sure if this answered your question.
(If you get a black mail scam don’t pay it go to law enforcement and report it, and ask for help / next steps. If you pay it they know they can keep getting money from you. The items they have won’t get deleted)