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

Friday, 24 April 20
CHINA COAL PRODUCER YANZHOU COAL POSTS 9.6 PCT RISE IN 2019 NET PROFIT - XINHUA
China’s major coal producer Yanzhou Coal Mining Co., Ltd. said Thursday that its net profit saw a 9.6 percent rise in 2019.   Th ...


Tuesday, 21 April 20
INDONESIA ACCOUNTS FOR 19% OF JAPAN'S TOTAL COAL IMPORTS - BANCHERO COSTA
Coal trade in Asia is proving remarkably resilient this year, despite the global economic impact from COVID-19.   We have seen China&r ...


Tuesday, 21 April 20
COVID-19: CHARTERPARTY MATTERS FOR SHIPOWNERS - SKULD
KNOWLEDGE TO ELEVATE Whilst the plight of cruise ships, stranded off shore with sick passengers and crew, may be dominating media headlines, t ...


Monday, 20 April 20
SUPRAMAX: A 52,000DWT SHIP FIXING AN INDONESIA COAL RUN TO CHINA AT $4400 - BALTIC BRIEFING
Capesize This week was the strongest period seen for the Capesize market in several months. All routes globally succumbed to improved sentiment ...


Friday, 17 April 20
PANDEMIC TO BRING ASIA'S 2020 GROWTH TO HALT FOR 1ST TIME IN 60 YEARS - IMF: REUTERS
Asia’s economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an “unprecedented ...


   200 201 202 203 204   
Showing 1006 to 1010 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 ...

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