Chronicle was started to track down the “thousands of prospective clues about hacking action [that] are forgotten or thrown away each individual day,” as outlined by Stephen Gillett, CEO and co-founder of Chronicle, creating in the site submit.
For cyber criminals protection is in figures. IT systems send out out tens of hundreds of security alerts per day but security groups are “lucky whenever they can review a number of hundred of these,” Gillet wrote. The result: hackers can go undetected for months.
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Paradoxically, threats get harder to detect as companies significantly deploy a hodgepodge of safety merchandise, in keeping with Gillet.
Chronicle – a by-product of R&D outfit X, which itself is a subsidiary of Google’s parent corporation Alphabet – will try to build tools to stay ahead of constantly-morphing threats, as spelled out in a web page that outlines the framework of the organization.
Chronicle will also use machine learning to fight threats. The business believes its advantage lies in tapping into the “enormous processing power and storage” that power other Alphabet initiatives.
“Google has always had a slightly different version of the security story than traditional safety product and service companies,” Sean Pike, a data security analyst at market researcher IDC, told Fox News.
“They’ve thought about a larger perspective for some time. This feels like it could be a big picture approach to an issue that everyone else is already trying to tackle,” Pike added.
Chronicle will have two services: a completely new cybersecurity intelligence and analytics platform for large “enterprise” customers and VirusTotal, a malware intelligence service acquired by Google in 2012.
VirusTotal scans antivirus engines and website scanners to determine whenever they contain malware, in accordance with the web page that serves as a primer on Chronicle. Unlike many antivirus programs, VirusTotal “only scans the individual files and URLs that a user uploads to the platform [and] offers users a second opinion on content they suspect has been compromised by malware,” in accordance with Chronicle.
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This helps fix safety breaches or “harden their cyber defenses,” Chronicle said. The service is also used by antivirus companies to ensure their merchandise are kept up to date with the latest threats.
Chronicle’s cybersecurity intelligence and analytics side of the business is in the initial phases of testing an early version of the product so it isn’t yet disclosing details, the enterprise said in a statement on its website.
With cybersecurity competition like Symantec, Check Point, IBM and McAfee, the question is whether Chronicle can make a difference. “I think that remains to be seen but they certainly have the power to do so,” IDC’s Pike said.