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 : 28,624
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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