Alphabet's newest business wants to stop cyberattacks before they happen

The newest moonshot from Google's parent company Alphabet is breaking into cybersecurity with big ambitions, according to CNBC.

Chronicle — which got its start in Google X — is described as a "new independent business within Alphabet that's dedicated to helping companies find and stop cyber attacks before they cause harm," according to a company post on MediumBy honing in on cybersecurity intelligence and analytics, the company hopes to proactively alert businesses to malware attacks.

"Security threats are growing faster than security teams and budgets can keep up, and there's already a huge talent shortage," the company said in the Medium post.

Chronicle is the third startup to spin out of Google X and become its own Alphabet company, following the life sciences "bet" Verily and self-driving cars "bet" Waymo. Chronicle, like the other "bets" will operate separately but abide by 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," the company wrote in the post.

Top cybersecurity experts are on the startup's team, including two former Symantec alums: COO Stephen Gillett, who now serves as CEO of Chronicle and Carey Nachenberg, who served as the Symantec's chief engineer. The team also includes 13-year Google engineering veteran Will Robinson and Bernardo Quintero, founder of VirusTotal which Google purchased in 2012, CNBC reports.

The team officially began work in February 2016.

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