Singapore regulators remind businesses to be aware of the risks posed by Bitcoin ransomware such as Akira

ChainCatcher news, according to Cointelegraph, Singapore's regulatory agencies, including the Cyber Security Agency of Singapore, have issued a joint warning, alerting local businesses to the increasing threat posed by the Akira ransomware variant.

The warning states that the Akira ransomware has stolen $42 million from over 250 organizations in North America, Europe, and Australia within a year, and it is now actively targeting businesses in Singapore.