Google parent company Alphabet is all set to launch cybersecurity company, Chronicle.
Chronicle is aimed at helping companies find, track and stop cyber attacks. With two branches — a cybersecurity and analytics platform, as well as a malware intelligence service called VirusTotal — Chronicle will use its massive processing power and data storage capabilities to assist businesses in retrieving information more quickly than they can on their own as well as spot patterns based on years of data.
Chronicle focuses on detecting threats by analyzing and storing security-related data within large enterprises. Using Google’s infrastructure, the company claims to be able to detect threats faster and at a broader scale than existing systems, which is potentially the key to stopping hacks early.
“We think we’ll be able to help organizations see their full security picture in much higher fidelity than they currently can,” founder Stephen Gillett said in a Medium post announcing the launch.
According to Gillett, early alpha versions of the product have already been tested at a number of Fortune 500 companies.
Chronicle will also include VirusTotal, a popular malware-reporting network that receives over 1 million submissions a day. Acquired by Google in 2012, VirusTotal’s services are expected to continue unaffected by the launch.
“Add in some machine learning and better search capabilities, and we think we’ll be able to help organizations see their full security picture in much higher fidelity than they currently can,” said Gillett.
Gillett says, “As a result, it’s pretty common for hackers to go undetected for months, or for it to take a team months to fully understand what’s going on once they’ve detected an issue,” he writes. “All this adds up to more data breaches, more damage, and higher security costs.”
Inadequate cybersecurity has never been a more apparent problem than it is today. Last year we saw reports of data breaches affecting government agencies like the US Army and the NSA, companies like Equifax, Forever 21 and Accenture as well as data exposures impacting voting machines, political strategists and Verizon customers. There were also multiple widespread ransomware attacks.
Chronicle says a few Fortune 500 companies are already testing a preview of its cybersecurity intelligence platform. “None of us have to settle for cyber crime being a fact of life, or for a reactive, expensive existence of cleanup and damage control,” it says. “We’re looking forward to working with many organizations in the coming years to give good the advantage again.”
Image Source: Alex Castro / The Verge