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Hackers exploit flaw in proprietary software.
Reduced without meaning loss:

> Hackers exploit flawed proprietary code.

(6w/45c -> 5w/40c)

(comment deleted)
Goddamn! I thought I was anal about efficiency...
The first 3 words carry the same information as: hackers hacked hackable proprietary code. So just "proprietary code hacked" is enough.
Agreed. Further reduced:

> Proprietary code hack.

(6w/45c -> 3w/22c: >50%)

As it's overwhelmingly code that is hacked, this is nearly lossless:

Proprietary hack

2w/15c

This is too context dependent to be considered lossless.
You can get rid of 'flawed' since it's implicit in 'exploit'
The word exploit alone is ambiguous since it can also mean roughly “to use.”
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I’m quite sure the hackers used HTML with highlighted syntax and filled with CHINESE ideograms in a dark room, typing on a mechanical gaming keyboard, as per the opening image.