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

Tuesday, 07 April 20
COAL INDIA'S DISPATCHES DROP, OUTPUT INCREASES - THE HINDU
India’s largest coal producer Coal India Ltd. (CIL) has seen a 10% fall in dispatches in March 2020 due to a sharp fall in demand from the po ...


Tuesday, 07 April 20
CORONAVIRUS AND LOCKDOWNS DRAG DOWN THE INDONESIAN COAL PRICE REFERENCE IN APRIL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of the Indonesian ther ...


Monday, 06 April 20
A 52,000DWT SHIP FIXING DELIVERY SINGAPORE TRIP, VIA INDONESIA, REDELIVERY TAIWAN, AT $3,100 - 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 ...


Monday, 06 April 20
INDIA'S 21-DAY LOCKDOWN - IMPACT ON COMMODITIES? - WOOD MACKENZIE
India is under a three-week lockdown from 25 March, to contain the spread of the coronavirus outbreak. Wood Mackenzie analysts discuss what this me ...


Friday, 03 April 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.   The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...


   204 205 206 207 208   
Showing 1026 to 1030 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 ...

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