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, 27 May 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.94 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.03 points Monday, up 0.94 percent week on week.   The index, released by China ...


Monday, 25 May 20
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
Non-OPEC oil supply continued to increase by 2.0 mb/d in 2019, driven by US shale production, which rose by 1.7 mb/d, amounting to 84% of total non ...


Sunday, 24 May 20
A 63,000 FIXED DELIVERY VIETNAM TRIP VIA INDONESIA REDELIVERY KOSICHANG AT $8,500 - BALTIC BRIEFING
Capesize After a week of bounce momentum the market appears to have stalled out once again. The Capesize 5TC has more than doubled since last F ...


Saturday, 23 May 20
COLOMBIA COAL OUTPUT DOWN 7.2% IN Q1 ON LOW PRICES, CORONAVIRUS LOCKDOWN - REUTERS
Coal production in Colombia, the world’s fifth-largest coal exporter, fell 7.2% in the first quarter because of low prices and coronavirus qu ...


Saturday, 23 May 20
EWP INVITES BIDS FOR 840,000 METRIC TONS OF MIN 5700 NAR COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd (EWP) has Issued an International Tender for total Max 840,000 Metric Tons of min 5 ...


   189 190 191 192 193   
Showing 951 to 955 news of total 6871
News by Category
Popular News
 
Total Members : 28,705
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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