The technology company Treelogic, with headquarters in Asturias, is developing a platform to extract, store and analyse data related to malware in the financial sector.
Digital crime has become one of the threats faced by western society. A complete dependency on technology to perform everyday tasks has meant that crime has started to change, opening a new battlefield in the digital world and creating what is today known as cybercrime. However, in parallel this, security forces have begun to specialise in the fight against this type of crime, creating bodies and specialised branches, which along with knowledge, require specific software able to trace any incidence of cybercrime. One of the companies in charge of performing this task is based in Asturias and is called Treelogic.
Specifically, the work of this technology company based in the Asturias Technology Park in Llanera, is within the framework of the European “Horizonte 2020” project, which finances research and innovation projects. The project, entitled Ramses, aims to combat financial crime via malware or malicious programmes that are installed on a user’s computer without their consent. These kinds of files block the computer and encrypt the user’s files. Cybercriminals demand payment for the recovery of these files, though the payment – usually in Bitcoins, an anonymous digital currency – is no guarantee that the encrypted data will be returned.
Treelogic is heading the project, though it is receiving support and collaboration from universities and Judicial Police departments from various European countries. This project has a budget of over 3.8 million euros and the timeframe for execution is three years, from September 2016 to August 2019.
According to its website, the platform that Treelogic is set to create, “brings together the latest technology to develop a smart software platform”. The company states that it will be validated in Portugal, Spain and Belgium.
