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, 16 April 20
MARKET INSIGHT - INTERMODAL
As everyone anticipated the results of the OPEC + G20 meeting last week, it was very interesting to watch the reaction of tanker rates that were in ...


Monday, 13 April 20
SUPRAMAX: A 56,000DWT SHIP WAS FIXED DELIVERY PARADIP, REDELIVERY CHINA, AT $4,700 - BALTIC BRIEFING
Capesize The Capesize market this past week looks to have come off life support and found some improved sentiment. The week began rather ordina ...


Saturday, 11 April 20
FAQ: COVID-19 AND CLUB COVER - UK P&I
KNOWLEDGE TO ELEVATE The Coronavirus (COVID-19) pandemic has generated a significant number of enquiries and questions from Members in recent ...


Saturday, 11 April 20
KOEN POWER PLANTS INVITED BIDS FOR 1.5 -1.62 MMT OF STEAM COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 1,500,000-1,620,000 Metric Tons (M ...


Friday, 10 April 20
INDIA'S BULKS SUPPLY CHAIN TAKES A HIT DURING LOCKDOWN - WOOD MACKENZIE
India is under a three-week lockdown from 25 March to contain the spread of the coronavirus outbreak. Businesses are shut, and the supply chain is ...


   202 203 204 205 206   
Showing 1016 to 1020 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 ...

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