Chinese Multinational company Alibaba has disclosed that it is thwarting around 2.2 Billion Cyber Attacks on a single day. And the attack scale will increase during the annual online shopping event which coincides with Black Friday or Cyber Monday in the United States.
But the good news is that the e-commerce giant has deployed more than 3,000 security specialists and 1,258 algorithmic models working 24/7.
Jessie Zheng, the Chief Risk Officer at Alibaba said that disclosed number of cyber threats included abnormal transactions, counterfeit goods and malicious complaints such as DDoS attacks, brute force attacks, and malware intrusions.
So, to tackle the cyber ordeal, Alibaba seems to have deployed a team of both humans and AI propelled machines to detect and mitigate the threats.
Politely Trumpeting about its achievement Alibaba founder Jack Ma says that Alipay indulges around $50 billion worth transactions on a daily note. But has never lost a cent to hackers which shows us how skillful are its cybersecurity team in protecting the assets.
After reading the content of this article, you might now get a doubt on how much data should your hand over to e-commerce companies in exchange for your shipping experience?
Well, the answer is simple and that is to never fall prey to data-mining programs such as collecting payment card details, email ids, and contact numbers. But is that possible in this digital world?
Nope, that’s not possible when tech companies are ingeniously trying to push their customers towards greater transparency- pushing customers to immense cyber risks.