Google on Thursday outlined a set of initiatives aimed at improving the vulnerability management ecosystem and establishing greater transparency measures around exploitation.

"While the notoriety of zero-day vulnerabilities typically makes headlines, risks remain even after they're known and fixed, which is the real story," the company said in an announcement. "Those risks span everything from lag time in OEM adoption, patch testing pain points, end user update issues and more."

Security threats also stem from incomplete patches applied by vendors, with a chunk of the zero-days exploited in the wild turning out to be variants of previously patched vulnerabilities.

Mitigating such risks requires addressing the root cause of the vulnerabilities and prioritizing modern secure software development practices to eliminate entire classes of threats and block potential attack avenues.

Taking these factors into consideration, Google said it's forming a Hacking Policy Council to "ensure new policies and regulations support best practices for vulnerability management and disclosure."

The company further emphasized that it's committing to publicly disclose incidents when it finds evidence of active exploitation of vulnerabilities across its product portfolio.

Lastly, the tech giant said it's instituting a Security Research Legal Defense Fund to provide seed funding for legal representation for individuals engaging in good-faith research to find and report vulnerabilities in a manner that advances cybersecurity.

Google's latest security push speaks to the need for looking beyond zero-days by making exploitation difficult in the first place, driving patch adoption for known vulnerabilities in a timely manner, setting up policies to address product life cycles, and making users aware when products are actively exploited.

It also serves to highlight the importance of applying secure-by-design principles during all phases of the software development lifecycle.

The disclosure comes as Google launched a free API service called deps.dev API in a bid to secure the software supply chain by providing access to security metadata and dependency information for over 50 million versions of five million open source packages found on the Go, Maven, PyPI, npm, and Cargo repositories.

In a related development, Google's cloud division has also announced the general availability of the Assured Open Source Software (Assured OSS) service for Java and Python ecosystems.