The article reports that Akira and Fog ransomware gangs are exploiting a critical vulnerability in Veeam Backup & Replication (VBR) software. This vulnerability, tracked as CVE-2024-40711, allows attackers to gain remote code execution (RCE) on vulnerable servers. This allows them to access and encrypt sensitive data, leading to ransomware attacks. The article further highlights that this is not the first time Veeam software has been targeted by ransomware gangs, citing previous exploits of similar vulnerabilities. The article emphasizes the widespread use of Veeam products, highlighting the potential impact of this vulnerability.