Cybersecurity

Microsoft Rushes to Stop Hackers From Wreaking Global Havoc

WATCH: Hackers exploited a security flaw in common Microsoft software to breach governments, businesses and other organizations. Rosalind Mathieson breaks down the situation.Source: Bloomberg

Hackers exploited a security flaw in common Microsoft Corp. software to breach governments, businesses and other organizations across the globe and steal sensitive information, according to officials and cybersecurity researchers.

Microsoft over the weekend released a patch for the vulnerability in servers of the SharePoint document management software. The company said it was still working to roll out other fixes after warnings that hackers were targeting SharePoint clients, using the flaw to enter file systems and execute code.