Hackers in recent weeks have exploited flaws in SharePoint, a document management system developed by Microsoft Corp., to try to steal sensitive data from hundreds of victims.

Microsoft Corporation (NASDAQ:MSFT) is one of the best 52-week high stocks to buy now. On July 21, the software giant released a patch for a vulnerability that affected the servers of the SharePoint document management software.

Victims of the recent global hacking campaign include the National Institutes of Health and the National Nuclear Security Administration, officials said.

Microsoft’s security analysts confirm that a number of cyber attacks on on-premise SharePoint Server users involve ransomware.

Microsoft has issued a high-priority security alert over ongoing cyberattacks targeting its SharePoint server software. The company urged affected users to apply critical security updates

Singapore's School of the Arts (SOTA) added that the global cyberattack campaign has already compromised organisations globally, including government agencies and multinational corporations.

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.