Alibaba opens info se­cu­rity tech plat­form

China Daily (Canada) - - BUSINESS - By MENGJING mengjing@chi­nadaily.com.cn

Alibaba Group Hold­ing Ltd is gear­ing up to open up its in­for­ma­tion se­cu­rity tech­nolo­gies to other e-com­merce play­ers, as the on­line shop­ping gi­ant sees the in­dus­try­wide data se­cu­rity mar­ket as the cor­ner­stone for it to reach its goal of sell­ing 6 tril­lion yuan ($896.8 bil­lion) of goods on all its plat­forms in 2020.

New York-listed Alibaba an­nounced in Bei­jing on Wed­nes­day the setup of an e-com­merce ecosys­tem se­cu­rity al­liance, a group that is ded­i­cated to im­prove the in­for­ma­tion se­cu­rity power of par­tic­i­pants in the e-com­merce in­dus­try.

Zhang Yong, chief ex­ec­u­tive of­fi­cer of Alibaba, said that the group had ac­cu­mu­lated rich ex­pe­ri­ence and tech­nolo­gies in se­cu­rity over the past 17 years.

But Zhang added that the in­for­ma­tion se­cu­rity is­sue in the in­ter­net era could not be solved by a sin­gle player.

“Any se­cu­rity chal­lenges faced by one com­pany would be­come the threat for us all. So Alibaba will work harder to em­power more part­ners with its se­cu­rity con­trol tech­nolo­gies and make a con­tri­bu­tion to safe­guard the en­tire ecosys­tem,” he said.

Liu Zhen­fei, chief risk of­fi­cer of Alibaba, said that web se­cu­rity had no bound­aries be­cause hun­dreds of mil­lions of ne­ti­zens used in­ter­net prod­ucts and ser­vices when­ever and wher­ever they want.

“If one plat­form leaks some in­for­ma­tion, it could dam­age the se­cu­rity of other plat­forms be­cause the hack­ers will use the leaked data to try to fig­ure out the pass­words and lo­gin names to other ac­counts,” he said.

Alibaba is pro­vid­ing in­for­ma­tion se­cu­rity prod­ucts and

If one plat­form leaks some in­for­ma­tion, it could dam­age the se­cu­rity of other plat­forms ...”

stan­dards to its part­ners in the al­liance so that they can lever­age the gi­ant’s cut­tingedge risk de­tec­tive model to ex­am­ine and iden­tify cer­tain risks with­out in­vest­ing a huge amount of­money to de­velop it by them­selves.

A re­cent re­port from the China In­ter­net Net­work In­for­ma­tion Cen­ter showed that there are nearly 700 mil­lion ne­ti­zens in China and on av­er­age they spent 3.7 hours on the in­ter­net every day. The re­port found that in­ter­net­con­nected de­vices keep a mas­sive amount of in­for­ma­tion, from bank ac­count in­for­ma­tion to per­sonal data.

Chi­nese ne­ti­zens lost an es­ti­mated 91.5 bil­lion yuan be­tween July 2015 and June 2016 due to in­for­ma­tion leak­age, spams and fraud­u­lent in­for­ma­tion, said the re­port.

DAILY PRO­VIDED TO CHINA

Zhang Yong, CEO of Alibaba Group Hold­ing Ltd, speaks at the es­tab­lish­ment cer­e­mony of an e-com­merce ecosys­tem se­cu­rity al­liance in Hangzhou, Zhe­jiang prov­ince, on Wed­nes­day.

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