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, 07 May 20
UKRAINE PRODUCES 2.5 MLN TONNES OF COAL IN APRIL - UKRINFORM
Ukraine produced 2.5 million tonnes of coal in April 2020, which is 39% less than planned, according to the Coal Miners Union of Ukraine.   ...


Thursday, 07 May 20
INDIA: GOVT TO DO AWAY WITH MANDATORY WASHING OF COAL FOR THERMAL POWER UNITS - BUSINESS STANDARD
The Centre is planning to do away with the mandatory requirement of washing of coal before it is transported to thermal power stations. The Ministr ...


Thursday, 07 May 20
CIL'S SUPPLY TO POWER SECTOR FALLS IN MARCH AMID SLUMP IN COAL DEMAND - PTI
The supply of coal to the power sector by state-owned CIL registered a decline of eight per cent to 42.30 million tonne in March in the wake of slu ...


Thursday, 07 May 20
COAL PRICE REFERENCE FALL SHARPLY IN MAY 2020 DUE TO CORONAVIRUS OUTBREAK
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...


Wednesday, 06 May 20
KOSPO INVITED COAL BIDS FOR LOW CALORIFIC VALUE COAL
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 160,000 Metric Tons (MT) Low Calorific Value Coal for J ...


   195 196 197 198 199   
Showing 981 to 985 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 ...

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