Arthur J. Villasanta – Fourth Estate Contributor
Mountain View, CA, United States (4E) – Alphabet, Inc., Google’s parent company, has established a cybersecurity company named “Chronicle” whose mission it will be to help companies find and stop cyber attacks before they cause harm.
Chronicle is focusing on cybersecurity intelligence and analytics, as well as alerting businesses to malware threats. Its CEO is Stephen, Gillett, who co-founded the company. Gillett is the former COO of Symantec.
Chronicle is an intelligence and analytics platform that aims to help solve these issues and enable security teams to more quickly identify hackers in their networks. This platform is being tested by “a number of Fortune 500 companies” as part of an early Alpha program.
Chronicle also includes VirusTotal, the malware intelligence service Google acquired in 2012. VirusTotal will continue to operate as normal.
“Security threats are growing faster than security teams and budgets can keep up, and there’s already a huge talent shortage,” said Chronicle in a statement.
Chronicle will operate separately and roll-up to the parent company.
“We’ll have our own contracts and data policies with our customers, while at the same time having the benefit of being able to consult the world-class experts in machine learning and cloud computing (among many other topics) that reside in other parts of Alphabet,” said the company.
“Thousands of potential clues about hacking activity are overlooked or thrown away each day,” said Gillett. “At large companies, it’s not uncommon for IT systems to generate tens of thousands of security alerts a day. Security teams can usually filter these down to about a few thousand they think are worth investigating — but in a day’s work, they’re lucky if they can review a few hundred of them.”
At the same time, “many investigations are hampered by the gaps in available information, simply because the cost of storing all the relevant data is increasing far faster than a typical organization’s budget.”
Chronicle is one of the projects of “X” (formerly Google X), Alphabet’s semi-secret research-and-development facility. One of X’s projects is the Waymo self-driving car.
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