The tech giants have evidence that Chinese hackers are exploiting the new bug, but warned "multiple actors" are also hacking into affected SharePoint systems.

CISA has mandated immediate mitigation for federal agencies, while analysts urge enterprises to accelerate cloud migration and implement live threat detection.

Microsoft is issuing an emergency fix to close off a vulnerability in Microsoft’s SharePoint software that hackers have exploited to carry out widespread attacks on businesses and at least some federal agencies.