Singaporean authorities have raised concerns about the escalating risk of Bitcoin (CRYPTO:BTC) ransomware attacks targeting businesses.

The Cyber Security Agency of Singapore (CSA) highlighted the growing frequency of these attacks, advising businesses to take proactive measures.

Recommendations include regular data backups, software updates, employee education on identifying phishing attempts, and establishing incident response plans.

Additionally, the CSA strongly advises against paying ransoms and encourages businesses to report incidents promptly.

With recent ransomware attacks, authorities emphasise the importance of cybersecurity measures and offer resources to bolster defenses.