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, 14 May 20
NEW COVID-19 GUIDELINES FOCUS ON SAFE INTERFACE BETWEEN SHIP AND SHORE STAFF - GARD
At a time when the COVID-19 pandemic is affecting the global population, it is important that ships’ crew and port workers protect each other ...


Wednesday, 13 May 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.4 PCT - XINHUA
China Taiyuan coal transaction price index stood at 124.93 points Monday, down 0.4 percent week on week.   The index, released by Chin ...


Tuesday, 12 May 20
IN THE FIRST 4 MONTHS OF 2020, SOUTH KOREA IMPORTED 46.6 MLN TONNES OF CRUDE OIL BY SEA, A NET DECLINE OF 14.1% YOY - BC
South Korea is certainly one of the countries which has handled better the current Covid-19 crisis. In the first week of May 2020, new cases of ...


Tuesday, 12 May 20
OIL MARKET TURBULENCE PIVOTS FOCUS ON FLOATING STORAGE TECHNICAL NEEDS - LLOYD'S REGISTER
KNOWLEDGE TO ELEVATE Negative oil prices and off-the-scale volatility in crude markets are positive for floating storage, as the next chapter ...


Tuesday, 12 May 20
A GLOBAL ECONOMIC RESTART HAS SLOWLY BEGUN AS COUNTRIES AROUND THE WORLD GRADUALLY - ALLIED
A global economic restart has slowly begun as countries around the world gradually set their return back to “normality”. Yet by all mea ...


   192 193 194 195 196   
Showing 966 to 970 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 ...

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