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

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.

At least 54 organizations have been breached in the attacks. Some of the attacks that targeted organizations using an exploit in Microsoft’s SharePoint server platform over the last few days have been linked to hacking groups affiliated with the Chinese government, according to a new Microsoft security blog.