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By using this site, you agree to the Privacy Policy and Terms of Service. close dialog close dialog * Markets * Tech * Media * Success * Perspectives * Videos Live TV Edition * U.S. * International * Arabic * Español Search CNN User Account User Account Open Menu * Markets * Tech * Media * Success * Perspectives * Videos Search Live TV Edition * U.S. * International * Arabic * Español -------------------------------------------------------------------------------- * Markets * Premarkets * Dow * After-Hours * Market Movers * Fear & Greed * World Markets * Investing * Markets Now * Before the Bell * Leading Indicator * Global Energy Challenge * Economy * Tracking America's Recovery * Energy * Money * Tech * Innovate * Gadget * Foreseeable Future * Mission: Ahead * Upstarts * Business Evolved * Innovative Cities * Unhackable * Media * Reliable Sources * Success * Boss Files * Risk Takers * Fresh Money * Invest Ahead * Work Transformed * Cars * Homes * Wealth Coach * Center Piece * Perspectives * Videos * International * Switzerland * India * Davos * Reliable Sources * Passion to Portfolio * On: Germany * More * Accessibility & CC * About Us * Newsletters -------------------------------------------------------------------------------- * US * World * Politics * Business * Opinion * Health * Entertainment * Tech * Style * Travel * Sports * Videos * Audio * Coupons * Weather * More -------------------------------------------------------------------------------- Follow CNN Business * * * DOW 35,715.930.64% S&P 500 4,684.560.78% NASDAQ 15,457.660.78% MARKETS see all DOW 35,715.93226.530.64% S&P 500 4,684.5636.050.78% NASDAQ 15,457.66119.560.78% FEATURED THE US ECONOMY IN 12 CHARTS FEATURED THE US ECONOMY IN 12 CHARTS From jobs to GDP, these key indicators provide a comprehensive, up-to-date picture of the US Economy. LATEST Omicron isn't hurting travel stocks. Here's why LATEST Omicron isn't hurting travel stocks. Here's whyMajor tech companies pull out of attending CES in person. Organizers say event still onBill Gates on Omicron: 'We could be entering the worst part of the pandemic' THE LOG4J SECURITY FLAW COULD IMPACT THE ENTIRE INTERNET. HERE'S WHAT YOU SHOULD KNOW By Jennifer Korn Updated 9:33 AM ET, Thu December 16, 2021 JUST WATCHED HOW YOUR DEVICE COULD BE AT RISK OF 'ONE OF THE MOST SERIOUS' CYBER SECURITY THREATS Replay More Videos ... MUST WATCH Play (15 VIDEOS) FIREEYE CEO: DIGITAL CURRENCY ENABLES CYBERCRIME SEE HOW CYBERSECURITY EXPERTS TRACE RANSOM PAYMENTS WHITE HOUSE URGES COMPANIES TO TAKE CYBERATTACK THREAT MORE SERIOUSLY CYBERSECURITY EXPERT: DEFENSE ISN'T PERFECT IN THIS GAME IBM CEO: CYBERSECURITY NEEDS TO BE A COLLECTIVE EFFORT LED BY GOVERNMENT A HACKER STOLE $1 MILLION FROM HIM BY TRICKING HIS CELL PHONE PROVIDER WATCH HOW A SOCIAL ENGINEERING HACK WORKS 5 OF THE BIGGEST DATA BREACHES HOW YOUR DEVICE COULD BE AT RISK OF 'ONE OF THE MOST SERIOUS' CYBER SECURITY THREATS MICROSOFT'S VP OF SECURITY: THE FUTURE IS PASSWORDLESS SOLARWINDS CEO: CYBER THREATS NEED COMMUNITY VIGILANCE HERE'S EVERYTHING YOU NEED TO KNOW ABOUT RANSOMWARE MICROSOFT URGES WINDOWS USERS TO INSTALL UPDATE KASEYA: THE MASSIVE RANSOMWARE ATTACK COMPROMISED UP TO 1,500 BUSINESSES ELECTRONIC ARTS BREACHED BY HACKERS FIREEYE CEO: DIGITAL CURRENCY ENABLES CYBERCRIME SEE HOW CYBERSECURITY EXPERTS TRACE RANSOM PAYMENTS WHITE HOUSE URGES COMPANIES TO TAKE CYBERATTACK THREAT MORE SERIOUSLY CYBERSECURITY EXPERT: DEFENSE ISN'T PERFECT IN THIS GAME IBM CEO: CYBERSECURITY NEEDS TO BE A COLLECTIVE EFFORT LED BY GOVERNMENT A HACKER STOLE $1 MILLION FROM HIM BY TRICKING HIS CELL PHONE PROVIDER WATCH HOW A SOCIAL ENGINEERING HACK WORKS 5 OF THE BIGGEST DATA BREACHES HOW YOUR DEVICE COULD BE AT RISK OF 'ONE OF THE MOST SERIOUS' CYBER SECURITY THREATS MICROSOFT'S VP OF SECURITY: THE FUTURE IS PASSWORDLESS SOLARWINDS CEO: CYBER THREATS NEED COMMUNITY VIGILANCE HERE'S EVERYTHING YOU NEED TO KNOW ABOUT RANSOMWARE MICROSOFT URGES WINDOWS USERS TO INSTALL UPDATE KASEYA: THE MASSIVE RANSOMWARE ATTACK COMPROMISED UP TO 1,500 BUSINESSES ELECTRONIC ARTS BREACHED BY HACKERS FIREEYE CEO: DIGITAL CURRENCY ENABLES CYBERCRIME New York (CNN Business)A critical flaw in widely used software has cybersecurity experts raising alarms and big companies racing to fix the issue. The vulnerability, which was reported late last week, is in Java-based software known as "Log4j" that large organizations use to configure their applications -- and it poses potential risks for much of the internet. Apple's cloud computing service, security firm Cloudflare, and one of the world's most popular video games, Minecraft, are among the many services that run Log4j, according to security researchers. Crypto heists are only getting bigger. Here's what you should know Jen Easterly, head of the Department of Homeland Security's Cybersecurity and Infrastructure Security Agency (CISA), called it "one of the most serious flaws" seen in her career. In a statement on Saturday, Easterly said "a growing set" of hackers are actively attempting to exploit the vulnerability. As of Tuesday, more than 100 hacking attempts were occurring per minute, according to data this week from cybersecurity firm Check Point. Read More "It will take years to address this while attackers will be looking... on a daily basis [to exploit it]," said David Kennedy, CEO of cybersecurity firm TrustedSec. "This is a ticking time bomb for companies." Enter your email or view the Vault By CNN webpage to own a piece of CNN History with blockchain technology. close dialog Own a piece of history with Vault by CNN. We’re offering you a new way to experience historic moments. Explore Now Get Updates Be the first to know about upcoming releases from our Vault, with updates delivered right to your inbox. Please enter above Sign Me Up By subscribing, you agree to our privacy policy. Success! See you in your inbox. close dialog Here's what you should know: WHAT IS LOG4J AND WHY DOES IT MATTER? Content by MyFinance Sponsored Saving on Home Insurance Has Never Been Easier Today's Top Mortgage Rates in Your Area - Lock in Now This Is How You Can Save Big on Car Insurance Log4j is one of the most popular logging libraries used online, according to cybersecurity experts. Log4j gives software developers a way to build a record of activity to be used for a variety of purposes, such as troubleshooting, auditing and data tracking. Because it is both open-source and free, the library essentially touches every part of the internet. "It's ubiquitous. Even if you're a developer who doesn't use Log4j directly, you might still be running the vulnerable code because one of the open source libraries you use depends on Log4j," Chris Eng, chief research officer at cybersecurity firm Veracode, told CNN Business. "This is the nature of software: It's turtles all the way down." Companies such as Apple, IBM, Oracle, Cisco, Google and Amazon, all run the software. It could present in popular apps and websites, and hundreds of millions of devices around the world that access these services could be exposed to the vulnerability. ARE HACKERS EXPLOITING IT? Attackers appear to have had more than a week's head start on exploiting the software flaw before it was publicly disclosed, according to cybersecurity firm Cloudflare. Now, with such a high number of hacking attempts happening each day, some worry the worst is to yet come. "Sophisticated, more senior threat actors will figure out a way to really weaponize the vulnerability to get the biggest gain," Mark Ostrowski, Check Point's head of engineering, said Tuesday. Late Tuesday, Microsoft said in an update to a blog post that state-backed hackers from China, Iran, North Korea and Turkey have tried to exploit the Log4j flaw. WHY IS THIS SECURITY FLAW SO BAD? Experts are especially concerned about the vulnerability because hackers can gain easy access to a company's computer server, giving them entry into other parts of a network. It's also very hard to find the vulnerability or see if a system has already been compromised, according to Kennedy. In addition, a second vulnerability in Log4j's system was found late Tuesday. Apache Software Foundation, a nonprofit that developed Log4j and other open source software, has released a security fix for organizations to apply. HOW ARE COMPANIES ARE TRYING TO ADDRESS THE ISSUE? Last week, Minecraft published a blog post announcing a vulnerability was discovered in a version of its game -- and quickly issued a fix. Other companies have taken similar steps. US warns hundreds of millions of devices at risk from newly revealed software vulnerability IBM, Oracle, AWS and Cloudflare have all issued advisories to customers, with some pushing security updates or outlining their plans for possible patches. "This is such a severe bug, but it's not like you can hit a button to patch it like a traditional major vulnerability. It's going to require a lot of time and effort," said Kennedy. For transparency and to help cut down on misinformation, CISA said it would set up a public website with updates on what software products were affected by the vulnerability and how hackers exploited them. WHAT CAN YOU DO TO PROTECT YOURSELF? The pressure is largely on companies to act. For now, people should make sure to update devices, software and apps when companies give prompts in the coming days and weeks. WHAT'S NEXT? The US government has issued a warning to impacted companies to be on high alert over the holidays for ransomware and cyberattacks. There is concern that an increasing number of malicious actors will make use of the vulnerability in new ways, and while large technology companies may have the security teams in place to deal with these potential threats, many other organizations do not. "What I'm most concerned about is the school districts, the hospitals, the places where there's a single IT person who does security who doesn't have time or the security budget or tooling," said Katie Nickels, Director of Intelligence at cybersecurity firm Red Canary. "Those are the organizations I'm most worried about -- small organizations with small security budgets." Sean Lyngaas contributed to this report. * * Paid Content Paid Content Recommended by Skip Ads by * Unsold Caribbean Cruise Cabins Are Almost Being Given Away All-Inclusive Cruise Deals | Search Ads + The ad has been removed! Please tell us why? * Irrelevant * Repetitive * Fake news * Offensive * 22 Pics That Prove Dubai Is One Wild Place Bon Voyaged + The ad has been removed! Please tell us why? * Irrelevant * Repetitive * Fake news * Offensive * [Gallery] 30 Vacation Photos You Cannot Unsee Lifestyle A2Z + The ad has been removed! 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