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

Saturday, 25 April 20
KOREA SOUTH-EAST POWER CO. INVITED BIDS FOR 780K - 900K MT OF 5600 NCV COAL FOR JULY TO OCTOBER 2020 LOADING
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 780,000~900,000 Metric Tons (MT) s ...


Saturday, 25 April 20
SEAFARER MENTAL WELLBEING DURING THE COVID-19 PANDEMIC - STANDARD CLUB
KNOWLEDGE TO ELEVATE COVID-19 has forced many parts of the world to enforce a lockdown in a bid to flatten the curve in terms of transmissions ...


Friday, 24 April 20
KOMIPO INVITED BIDS FOR 5700 NAR COAL FOR JUNE & JULY LOADING
COALspot.com: South Korea’s Korea Midland Power Co. Ltd. (KOMIPO) Has Issued An International Tender For 260,000 Metric Tons (MT) Steam Coal ...


Friday, 24 April 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.   The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...


Friday, 24 April 20
COAL INDIA TO PRODUCE 710 MT COAL - MINISTER OF COAL AND MINES
Coal India Limited (CIL) will produce 710 million tonnes (MT) of coal and company’s coal off take target will also remain at710 MT for this f ...


   199 200 201 202 203   
Showing 1001 to 1005 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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