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, 06 May 20
COST CHALLENGES IN A US$20/BBL WORLD - WOOD MACKENZIE
A new approach is needed to ensure supply sector resilience How will US$20/bbl affect the oil and gas supply chain? It’s going to g ...


Wednesday, 06 May 20
MARKET INSIGHT - INTERMODAL
It comes as no surprise that activity in the dry bulk SnP market remains soft, with asset values caught in the downward spiral generated by the Cov ...


Wednesday, 06 May 20
FLOATING STORAGE OF OIL CARGOES - STANDARD CLUB
KNOWLEDGE TO ELEVATE   Due to a combination of circumstances there is now a worldwide shortage of storage space ashore for both unrefi ...


Wednesday, 06 May 20
IRON ORE TRADE REMAINS REMARKABLY RESILIENT THIS YEAR, AT LEAST IN ASIA - BANCHERO COSTA
Iron ore trade remains remarkably resilient this year, at least in Asia, despite the global economic impact from COVID-19. In the first 4 months of ...


Tuesday, 05 May 20
SUPRAMAXES: YTD SLIDE HAS BEEN 45%, WITH THE AVERAGE FOR 2020 TCA HOLDING AT US$5,793 - ALLIED
It has been almost three months since the WHO officially categorized the current coronavirus outbreak as a global pandemic, an outbreak that has br ...


   196 197 198 199 200   
Showing 986 to 990 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 ...

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