COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Monday, 18 May 20
TAKING ADVANTAGE OF VIRUS DISTRACTION - BALTIC EXCHANGE
Baltic ExchangeAs the industry grapples to deal with exceptional Covid-19-related challenges, a deeper threat is coming to the fore. At this time of crisis, more and more opportunistic hackers and cybercriminals are taking advantage of the chaos caused by the pandemic and the subsequent surge in remote operations to target shipping. And there is proof that they are succeeding.
 
Consultancy PwC reports of email scams attempting to deliver malware or phishing links to compromise vessels and/or companies. Some of them impersonate the World Health Organisation while others use real vessel names and/or Covid-19 to impersonate actual ships and warn of infected crew and vessels through attachments infected with malware. Last week, logistics company Toll Group fell prey to a second ransomware attack this year. Toll confirmed that its systems outage was the result of the Nefilim ransomware. When Toll was struck by a ransomware attack earlier this year, it took six weeks before deliveries and core services were returned to normal operating capabilities.
 
Last month, Mediterranean Shipping Company reported experiencing a network outage due to a malware attack affecting their primary website and customer portal, which in turn affected online bookings for a number of days. Meanwhile, in the same month, Danish pump maker DESMI was hit by a ransomware attacking shutting down its systems, including email.
 
On top of these confirmed cases, global cybersecurity and anti-virus software company Bitdefender has revealed that the oil and gas industry is also said to be currently fending off a major spyware campaign with highly targeted phishing attacks.
 
“This is not the first time the oil and gas industry [has been] targeted with similar campaigns, as some were reported in 2017 and 2019, both using similarly constructed emails and delivering spyware such as the Remcos remote access Trojan,” says Bitdefender’s senior cybersecurity analyst Liviu Arsene.
 
Bitdefender notes that the global evolution of cyberattacks on the energy industry has steadily increased since September 2019, with a peak in February 2020. The cyber specialist has recorded over 5,000 malicious reports from companies that operate in the energy industry. “Cybercriminals seem to have taken a keen interest in this vertical, perhaps as it has become more important and strategic after recent oil price fluctuations,” says Arsene.
 
Increased connectivity
 
According to Moshe Shlisel, chief executive and co-founder of GuardKnox, today’s increasingly-connected cargo fleets are becoming more vulnerable to cyber attacks — “a serious threat even in boom times”.
 
Says Shlisel: “The financial costs to business go beyond any payments lost to hackers and not covered by insurance. If a shipping company has its fleet disrupted by a cyber attack, the company will experience substantial downtime between the onset of an attack and its resolution – and for many businesses, as well as the economy, downtime can prove devastating. In some cases, paying the ransom will be cheaper than going through the necessary steps to remove the ransomware, which could take weeks.”
 
Sarantos Kefalas, senior manager for cyber security SME, assurance at PwC, explains that as shipping companies rightly shift their focus to employees’ well-being and dealing with new ways of operating during Covid-19, cyber security may “fall by the wayside”, potentially increasing the risk of cyber security attacks.
 
He advises three actions that the shipping sector should do to maintain the security of its data and infrastructure. Firstly, companies should secure newly implemented remote working practices.
 
Many shipping companies have had to rapidly introduce new remote working tools (e.g. video conferencing, laptops, etc.) that may lack certain security controls or policies, he says. The concern once the world emerges from the pandemic is that these solutions will still be relied on, making companies more susceptible to cyber attacks due to unpatched or insecurely configured systems.
 
To address this, companies should: “Risk assess existing and new remote access systems to ensure critical security patches have been applied, secure configurations have been used and the solutions are resilient.” Particular attention should be paid to systems used for remotely administering and monitoring IT and OT vessel systems. Additionally, remote access solutions, e-mail and identity management systems should be configured to log all authentication events and those logs should be preserved.
 
Security advice
 
Secondly, PwC advises that shipping companies should ensure the continuity of critical security functions. This is especially important where business have outsourced security monitoring functions to a third party. Here, PwC encourages checking that the third party has enabled its business continuity plan and has sufficient capacity and capability to achieve the agreed service-level agreement.
 
Where this function is performed in-house, PwC advises checks to ensure that monitoring teams have the “people, processes and technology necessary to monitor and respond to alerts affecting on-shore and vessel systems”, with consideration given to bringing in third-party resources if necessary. Continuous vulnerability scanning and updating incident response plans and continuity playbooks are also recommended.
 
Thirdly, shipping companies must counter opportunistic threats through a number of means. These include providing specific guidance to vessel crews to be extra vigilant when it comes to email communications relating to Covid-19 infections on specific vessels; providing specific guidance to finance teams to ensure they do not respond to email solicitations for personal or financial information, or requests to transfer funds; and providing additional phishing awareness campaigns to both onshore employees and crews.
 
Cyber attacks have not abated during the Covid-19 pandemic, in fact the opposite is true and shipping companies cannot afford to drop their guard on the cyber front at this time of crisis.
Source: Baltic Exchange


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 17 June 20
MARKET INSIGHT - INTERMODAL
After experiencing record earnings during the first half of the year, the focus of headlines concerning the tanker market has shifted from the deve ...


Wednesday, 17 June 20
KOREA SOUTHERN POWER CO INVITED 80000 MT OF LOW CALORIFIC VALUE COAL FOR AUGUST 1H, 2020 LOADING
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 Metric Tons (MT) Min 4,200 kcal/kg -  Max. ...


Tuesday, 16 June 20
A GLOBAL ECONOMIC SLUMP: WHAT WILL IT MEAN FOR METALS AND MINING? - WOOD MACKENZIE
Back before coronavirus knocked “normal” out cold, the key issues for miners were sub-investment prices, rising requirements for ESG an ...


Tuesday, 16 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.58 PCT - XINHUA
China Taiyuan coal transaction price index stood at 124.43 points Monday, up 0.58 percent week on week.   The index, released by China ...


Tuesday, 16 June 20
HIGHER IRON ORE PRICES OFFSET CORONAVIRUS-DRIVEN PRODUCTION RISK - FITCH RATINGS
Lower iron ore production in Brazil, resulting from rising coronavirus infections, should only marginally affect the cash flow of Vale and other gl ...


   180 181 182 183 184   
Showing 906 to 910 news of total 6871
News by Category
Popular News
 
Total Members : 28,617
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Rashtriya Ispat Nigam Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • Mintek Dendrill Indonesia
  • Orica Mining Services - Indonesia
  • U S Energy Resources
  • ASAPP Information Group - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Arch Coal - USA
  • Georgia Ports Authority, United States
  • Sical Logistics Limited - India
  • Vedanta Resources Plc - India
  • Noble Europe Ltd - UK
  • Ambuja Cements Ltd - India
  • Straits Asia Resources Limited - Singapore
  • Deloitte Consulting - India
  • Toyota Tsusho Corporation, Japan
  • Maheswari Brothers Coal Limited - India
  • IOL Indonesia
  • Indogreen Group - Indonesia
  • Enel Italy
  • Bahari Cakrawala Sebuku - Indonesia
  • Global Coal Blending Company Limited - Australia
  • Mitsui
  • Star Paper Mills Limited - India
  • Asian Development Bank
  • ICICI Bank Limited - India
  • Qatrana Cement - Jordan
  • Kartika Selabumi Mining - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Central Java Power - Indonesia
  • Xstrata Coal
  • Peabody Energy - USA
  • Miang Besar Coal Terminal - Indonesia
  • EMO - The Netherlands
  • Uttam Galva Steels Limited - India
  • Kalimantan Lumbung Energi - Indonesia
  • Metalloyd Limited - United Kingdom
  • Standard Chartered Bank - UAE
  • Clarksons - UK
  • SASOL - South Africa
  • Leighton Contractors Pty Ltd - Australia
  • Malabar Cements Ltd - India
  • TGV SRAAC LIMITED, India
  • Agrawal Coal Company - India
  • Reliance Power - India
  • Adani Power Ltd - India
  • Lafarge - France
  • OPG Power Generation Pvt Ltd - India
  • DBS Bank - Singapore
  • GHCL Limited - India
  • Cemex - Philippines
  • Commonwealth Bank - Australia
  • Wilmar Investment Holdings
  • Kobe Steel Ltd - Japan
  • Mitsubishi Corporation
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Lanco Infratech Ltd - India
  • Directorate General of MIneral and Coal - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Glencore India Pvt. Ltd
  • Gresik Semen - Indonesia
  • Idemitsu - Japan
  • GNFC Limited - India
  • Carbofer General Trading SA - India
  • Africa Commodities Group - South Africa
  • Interocean Group of Companies - India
  • Core Mineral Indonesia
  • Britmindo - Indonesia
  • Siam City Cement PLC, Thailand
  • TRAFIGURA, South Korea
  • Bukit Makmur.PT - Indonesia
  • Pinang Coal Indonesia
  • Kumho Petrochemical, South Korea
  • Chamber of Mines of South Africa
  • Pendopo Energi Batubara - Indonesia
  • Tanito Harum - Indonesia
  • Essar Steel Hazira Ltd - India
  • India Bulls Power Limited - India
  • Latin American Coal - Colombia
  • bp singapore
  • Singapore Mercantile Exchange
  • Inspectorate - India
  • Makarim & Taira - Indonesia
  • Thai Mozambique Logistica
  • Eastern Energy - Thailand
  • Alfred C Toepfer International GmbH - Germany
  • Trasteel International SA, Italy
  • PTC India Limited - India
  • Vitol - Bahrain
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Gupta Coal India Ltd
  • Tata Chemicals Ltd - India
  • VISA Power Limited - India
  • Gujarat Sidhee Cement - India
  • Petron Corporation, Philippines
  • Aditya Birla Group - India
  • New Zealand Coal & Carbon
  • Simpson Spence & Young - Indonesia
  • Cebu Energy, Philippines
  • Indonesian Coal Mining Association
  • Siam City Cement - Thailand
  • TeaM Sual Corporation - Philippines
  • Planning Commission, India
  • Bhoruka Overseas - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Australian Commodity Traders Exchange
  • Anglo American - United Kingdom
  • Bharathi Cement Corporation - India
  • Maersk Broker
  • Mjunction Services Limited - India
  • SMG Consultants - Indonesia
  • Fearnleys - India
  • NTPC Limited - India
  • Directorate Of Revenue Intelligence - India
  • Energy Development Corp, Philippines
  • CCIC - Indonesia
  • Banpu Public Company Limited - Thailand
  • Therma Luzon, Inc, Philippines
  • Jaiprakash Power Ventures ltd
  • Coastal Gujarat Power Limited - India
  • Binh Thuan Hamico - Vietnam
  • Cosco
  • Semirara Mining Corp, Philippines
  • SGS (Thailand) Limited
  • Gujarat Mineral Development Corp Ltd - India
  • Minerals Council of Australia
  • Permata Bank - Indonesia
  • Merrill Lynch Bank
  • McKinsey & Co - India
  • IEA Clean Coal Centre - UK
  • Bukit Baiduri Energy - Indonesia
  • Inco-Indonesia
  • Coaltrans Conferences
  • Cardiff University - UK
  • Billiton Holdings Pty Ltd - Australia
  • IBC Asia (S) Pte Ltd
  • San Jose City I Power Corp, Philippines
  • Samtan Co., Ltd - South Korea
  • Coalindo Energy - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Goldman Sachs - Singapore
  • Parry Sugars Refinery, India
  • Jatenergy - Australia
  • Larsen & Toubro Limited - India
  • UOB Asia (HK) Ltd
  • Coal Orbis AG
  • Savvy Resources Ltd - HongKong
  • Platou - Singapore
  • Indian Energy Exchange, India
  • Rudhra Energy - India
  • Japan Coal Energy Center
  • Port Waratah Coal Services - Australia
  • SRK Consulting
  • Edison Trading Spa - Italy
  • MS Steel International - UAE
  • Sindya Power Generating Company Private Ltd
  • Kaltim Prima Coal - Indonesia
  • Credit Suisse - India
  • Bulk Trading Sa - Switzerland
  • Cement Manufacturers Association - India
  • McConnell Dowell - Australia
  • Shree Cement - India
  • Economic Council, Georgia
  • Ministry of Transport, Egypt
  • PLN Batubara - Indonesia
  • South Luzon Thermal Energy Corporation
  • GVK Power & Infra Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • Coal and Oil Company - UAE
  • SN Aboitiz Power Inc, Philippines
  • GMR Energy Limited - India
  • Kepco SPC Power Corporation, Philippines
  • PNOC Exploration Corporation - Philippines
  • Attock Cement Pakistan Limited
  • The India Cements Ltd
  • Indonesia Power. PT
  • Marubeni Corporation - India
  • Ernst & Young Pvt. Ltd.
  • J M Baxi & Co - India
  • ACC Limited - India
  • Surastha Cement
  • Formosa Plastics Group - Taiwan
  • Grasim Industreis Ltd - India
  • Cigading International Bulk Terminal - Indonesia
  • Mercator Lines Limited - India
  • London Commodity Brokers - England
  • Karaikal Port Pvt Ltd - India
  • CIMB Investment Bank - Malaysia
  • Cargill India Pvt Ltd
  • Dalmia Cement Bharat India
  • Total Coal South Africa
  • Global Business Power Corporation, Philippines
  • UBS Singapore
  • Australian Coal Association
  • Petrochimia International Co. Ltd.- Taiwan
  • Coal India Limited
  • Thailand Anthracite
  • Berau Coal - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Maruti Cements - India
  • Barasentosa Lestari - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • European Bulk Services B.V. - Netherlands
  • Bank of America
  • Tata Power - India
  • Indian Oil Corporation Limited
  • Salva Resources Pvt Ltd - India
  • Energy Link Ltd, New Zealand
  • Indian School of Mines
  • OCBC - Singapore
  • RBS Sempra - UK
  • Merrill Lynch Commodities Europe
  • Neyveli Lignite Corporation Ltd, - India
  • Ministry of Finance - Indonesia
  • Infraline Energy - India
  • KEPCO - South Korea
  • Thiess Contractors Indonesia
  • GB Group - China
  • APGENCO India
  • MEC Coal - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Ministry of Mines - Canada
  • Arutmin Indonesia
  • Tamil Nadu electricity Board
  • Antam Resourcindo - Indonesia
  • Shenhua Group - China
  • JPower - Japan
  • Samsung - South Korea
  • Mercuria Energy - Indonesia
  • Humpuss - Indonesia
  • Romanian Commodities Exchange
  • Kohat Cement Company Ltd. - Pakistan
  • Global Green Power PLC Corporation, Philippines
  • Electricity Generating Authority of Thailand
  • Panama Canal Authority
  • Platts
  • Bank of China, Malaysia
  • PowerSource Philippines DevCo
  • Russian Coal LLC
  • Bangladesh Power Developement Board
  • Medco Energi Mining Internasional
  • IHS Mccloskey Coal Group - USA
  • Holcim Trading Pte Ltd - Singapore
  • TANGEDCO India
  • LBH Netherlands Bv - Netherlands
  • Jindal Steel & Power Ltd - India
  • Independent Power Producers Association of India
  • Meenaskhi Energy Private Limited - India
  • Orica Australia Pty. Ltd.
  • Chettinad Cement Corporation Ltd - India
  • The State Trading Corporation of India Ltd
  • PLN - Indonesia
  • ING Bank NV - Singapore
  • Sree Jayajothi Cements Limited - India
  • Iligan Light & Power Inc, Philippines
  • IMC Shipping - Singapore
  • Baramulti Group, Indonesia
  • Price Waterhouse Coopers - Russia
  • Central Electricity Authority - India
  • Gujarat Electricity Regulatory Commission - India
  • Power Finance Corporation Ltd., India
  • Vizag Seaport Private Limited - India
  • Adaro Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • JPMorgan - India
  • Indika Energy - Indonesia
  • Indorama - Singapore
  • KOWEPO - South Korea
  • Altura Mining Limited, Indonesia
  • Aboitiz Power Corporation - Philippines
  • EIA - United States
  • Parliament of New Zealand
  • Ince & co LLP
  • Globalindo Alam Lestari - Indonesia
  • Vale Mozambique
  • Runge Indonesia
  • KPMG - USA
  • Petrosea - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • WorleyParsons
  • globalCOAL - UK
  • Sakthi Sugars Limited - India
  • BRS Brokers - Singapore
  • AsiaOL BioFuels Corp., Philippines
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Meralco Power Generation, Philippines
  • Rio Tinto Coal - Australia
  • KPCL - India
  • Ceylon Electricity Board - Sri Lanka
  • Deutsche Bank - India
  • Thriveni
  • Manunggal Multi Energi - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Sojitz Corporation - Japan
  • ANZ Bank - Australia
  • Asia Cement - Taiwan
  • Bangkok Bank PCL
  • International Coal Ventures Pvt Ltd - India
  • Malco - India
  • Freeport Indonesia
  • SUEK AG - Indonesia
  • CoalTek, United States
  • Geoservices-GeoAssay Lab
  • Coeclerici Indonesia
  • Renaissance Capital - South Africa
  • White Energy Company Limited
  • Posco Energy - South Korea
  • Ind-Barath Power Infra Limited - India
  • Electricity Authority, New Zealand
  • Bhatia International Limited - India
  • World Coal - UK
  • The University of Queensland
  • Maybank - Singapore
  • Bayan Resources Tbk. - Indonesia
  • Wood Mackenzie - Singapore
  • PetroVietnam
  • Mitra SK Pvt Ltd - India
  • Riau Bara Harum - Indonesia
  • Moodys - Singapore
  • Videocon Industries ltd - India
  • TNPL - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Thermax Limited - India
  • Argus Media - Singapore
  • Thomson Reuters GRC
  • Heidelberg Cement - Germany
  • Barclays Capital - USA
  • ETA - Dubai
  • Intertek Mineral Services - Indonesia
  • The Treasury - Australian Government
  • Sinarmas Energy and Mining - Indonesia
  • SMC Global Power, Philippines
  • HSBC - Hong Kong
  • Eastern Coal Council - USA
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Borneo Indobara - Indonesia
  • Xindia Steels Limited - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Kideco Jaya Agung - Indonesia
  • NALCO India
  • Timah Investasi Mineral - Indoneisa
  • Madhucon Powers Ltd - India
  • Mechel - Russia
  • CNBM International Corporation - China
  • World Bank
  • BNP Paribas - Singapore
  • Sarangani Energy Corporation, Philippines
  • Bhushan Steel Limited - India
  • Kapuas Tunggal Persada - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Oldendorff Carriers - Singapore
  • CESC Limited - India
  • Sucofindo - Indonesia