China-based technology giant Alibaba Group is being targeted by 300 million attempts of cyber attacks per day. The company’s founder and former executive chairman, Jack Ma has given this statement. During the Forbes Global CEO Conference in Singapore which was held on Oct 15, Tuesday, Jack Ma said that every day the company is being targeted by the hackers and it is dealing easily with this problem.
Another technology giant Huawei is experiencing around 1 million daily cyberattacks. There are only a few companies that revealed their cyber-attack threats. In February, Alibaba faced an extensive cyberattack that threatened to compromise the accounts of 20 million users on its Taobao e-commerce site. The company had detected the attack quickly due to its advanced tech capabilities. According to Jack Ma, Alibaba’s smart intelligence has a high success rate and it is superior to prevent malicious online behavior.
Further Jack Ma added in the conversation that the company teaches its system everything about cheating and the systems remember more than millions of ways of cheating. So when hackers start to cheat, then the company’s systems play with them and protect the whole technology. Jack Ma noted that the company is making the customer data approach narrower that allows Alibaba to detect bad humans.
Jack Ma took retirement from his services last month after the 20 years of company’s founding. In the Singapore conference, he was honored with the Malcolm S Forbes Lifetime Achievement Award for his outstanding work in entrepreneurship.
