Alibaba Has This Many Cyber Hack Attempts Each Day

According to the founder of China’s Alibaba Group, the website thwarts off millions of cyber hack attempts a day.

Jack Ma said recently at the Forbes Global CEO Conference in Singapore, “For Alibaba Group, we have over 300 million hacking attempts per day. Every day. But we deal (with) it. We don’t have even one problem.”

Ma assured that Alipay, the group’s payments arm, which processes $50 billion of daily transactions, hasn’t lost “one cent” to hackers. The founder of China’s giant e-commerce site was “proud” of this feat.
In comparison, Chinese technology giant Huawei is subject to around 1 million daily cyberattacks, according to the company’s security chief.

Ma also added that Alibaba’s high rate of success must necessarily rely on vast amounts of customer data. He also called the company’s advanced tech abilities as “AI: Alibaba Intelligence,” for its continued success rate.

“We teach the machine all the ways people (are) cheating,” said Ma. “The machine remembers over millions of ways of cheating, so when we start the cheating, (the) machine already knows you are cheating. In this way we are protecting all the technology.”

Alibaba has to collect vast swathes of customer data in order to have its safeguards. “Give my data to a machine,” exclaimed Ma. “I trust a machine more than (I) trust people.”

“I give my data to people, I worry about that. People say ‘ah, this is Jack Ma, I want to know about him.’ Machine(s) don’t care if you’re Jack Ma or Jack Lee. Machine cares whether you do good things or bad things.”

After 20 years after finding Alibaba, Ma retired from the company in September.

Disclaimer: We have no position in Alibaba Group Holding Ltd. (NYSE: BABA) and have not been compensated for this article.