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

Thursday, 21 May 20
KOMIPO INVITED BIDS FOR TOTAL 610000 MT OF LCV AND HCV COAL FOR 2H 2020
COALspot.com: South Korea’s Korea Midland Power Co. Ltd. (KOMIPO) has Issued an International Tender for 130,000 mt of 5700 NCV coal  an ...


Wednesday, 20 May 20
ADARO ENERGY BOOKED A 5% INCREASE IN COAL PRODUCTION VOLUME Y-O-Y IN 1Q2020
PT. Adaro Energy Tbk, Indonesia’s one of the largest coal miner, booked a 5% increase in coal production volume year-over-year in 1Q2020. The ...


Wednesday, 20 May 20
BRAZIL SOYBEAN EXPORTS HAVE BEEN SURGING THIS YEAR - BANCHERO COSTA
Brazil soybean exports have been surging this year, thanks to a combination of strong demand from China, a bumper crop, and favourable exchange rat ...


Wednesday, 20 May 20
MARKET INSIGHT
Seafarers keep maritime trade going so that the food, raw materials, energy and manufactured goods on which so many depend can continue moving arou ...


Tuesday, 19 May 20
AMENDMENT OF THE INDONESIAN MINING LAW: TYING UP LOOSE ENDS - UMBRA
KNOWLEDGE TO ELEVATE The finalized draft of Law on the amendment of the Mining Law (Bill) was publicly released on 11 May 2020 and was then ap ...


   190 191 192 193 194   
Showing 956 to 960 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 ...

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