Alibaba thwarts 300 million hacking attempts every day thanks to its advanced artificial intelligence capabilities, according to its founder.
Cyber attacks made against the Chinese ecommerce giant top hundreds of millions per day according to Jack Ma, and threaten to compromise the details of almost 1 billion users.
In contrast, rival Chinese tech rival Huawei is understood to come under attack 1 million times per day.
Despite these dramatic figures, Ma said he was “proud” that its payment arm Alipay has not yet lost “one cent” to hackers.
Alipay is used by close to 1 billion citizens across the world, and processes around $50 billion in transactions daily.
This is achieved by using Alibaba’s advanced AI technology, which it calls AI: Alibaba Intelligence.
“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 told the Forbes Global CEO Conference earlier this week.
“We teach the machine all the ways people (are) cheating. 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.”
Ma, who retired from his company last month, went on to explain that this technology required huge set of customer data in order to accurately determine bad actors.
This comes after Alibaba detected a major attack in February, which saw hackers attain 99 million usernames and passwords from a number of websites, over 20 million of which were also being used on Alibaba’s Taobao.
Hackers then began logging in to the accounts to make fake orders in a practice known as “brushing”, which is used to raise sellers’ rankings on the platform.
Alibaba reportedly discovered the activity a month after it began, and blocked the vast-majority of log-in attempts.