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A Steam announcement from PlayerUnknown's Battlegrounds says that on April 25, 15 suspects were arrested for developing and selling various hacking and cheating programs that affected PUBG. They went on to say that some of the programs sold also included malicious code that was used to steal user information.
We’ve upgraded our security measures, improved our anti-cheat solutions, and recently even added a new anti-cheat solution on top of all that. In the meantime, we’ve also been continuously gathering information on hack developers (and sellers) and have been working extensively with multiple partners and judicial authorities to bring these people to justice.

Earlier this month, on April 25th, 15 suspects were arrested for developing and selling hacking/cheating programs that affect PUBG. It was confirmed that malicious code, including Trojan horse software, was included in some of these programs and was used to steal user information.

Here’s some translated information from the local authorities we worked with on this case:

"15 major suspects including “OMG”, “FL”, “火狐”, “须弥” and “炎黄” were arrested for developing hack programs, hosting marketplaces for hack programs, and brokering transactions. Currently the suspects have been fined approximately 30mil RNB ($5.1mil USD). Other suspects related to this case are still being investigated.

Some hack programs that are being distributed through the internet includes a Huigezi Trojan horse*(Chinese backdoor) virus. It was proven that hack developers used this virus to control users’ PC, scan their data, and extract information illegally.”
The longstanding rumor that hacking/cheating programs extract information from users’ PCs has been confirmed to be true. Using illegal programs not only disrupts others, but can end up with you handing over your personal information.

We’ll continue to crack down on hacking/cheating programs (and their creators) until our players are free to battle it out in a totally fair environment.

While I do applaud their efforts here, I must say that it's a real fool's errand to believe that any online multiplayer game will be free of cheaters.