Flipboard on Flipboard

Alphabet's "moonshot factory" has been incubating its answer to the massive and growing problem of hacking and data theft. It's a new independent Alphabet company called Chronicle. The new company's mission is to give large companies a strong ally in identifying and zapping security threats before they cause harm. Chronicle CEO Stephen Gillett explained on a call with reporters Wednesday that most companies lack the speed and computing power needed to track down threats. "Our goal is to 10X the speed of finding threats and to find more efficient ways ways to analyze threats," Gillett said.