CryptoPhoto iAward shows how “awesome” it is, co- founder says

For Chris Drake and his startup CryptoPhoto, winning an iAward means credibility.

 

For a security startup there are few things more important. On Thursday night the startup took out the Industrial, Financial category at the iAwards.

 

The startup offers a security solution that promises to stop phishing attacks, one of the most common causes of security breaches online.

 

It’s competing with the one-time password technology used by the likes of Commonwealth Bank. That technology sends users a text message with a one-use password that adds an additional layer of security to accounts.

 

CryptoPhoto replaces the additional password by displaying a photo on the website, and then prompting the user to select the same photo from a grid of images on their smartphones.

 

“We have the most amazing tech – we block everything that our competitors can’t. But we have no reputation,” Drake says.

 

“So awards like this give us a little thing that shows people, these guys have been looked at by independent experts and they have something that’s awesome. “

 

While one-time password technology isn’t super difficult to use, CryptoPhoto is a far simpler process.

 

“It only takes a second to use, but 10 years of effort and a million of dollars of my money that went into that,” Drake says.

 

“The phishing people are more and more clever. In the old days it was random Nigerian scam things. Nowadays it will be one of your friends from Facebook and you won’t know that they’ve been phished and but something malicious in there. It’s getting really sophisticated.

 

“We’re a whole new brand of defence that has never existed before, potentially sometime in the future we ourselves will be attacked, but right now if you’re using our technology there is no current attack that works against it.”

 

Other notable winners included enterprise app store startup Maestrano, which began as “two people working in a shitty apartment with nothing”, Eyenaemia co-founder Jarrel Seah who won the Hills Young Innovator mobile category, and Premonition’s Brad Lorge who won the Hills Young Innovator overall and data categories.

 

Winners of the 2015 National iAwards:

Hills Young Innovator award

National Hills Young Innovator of the Year – Brad Lorge, Premonition, UNSW and NICTA

Cloud – Alex Ghiculescu, Tanda

Data – Brad Lorge, Premonition, UNSW and NICTA

Mobile – Jarrel Seah, Stat Innovations

 

Development Domain

Research & Development – Scancam, Scancam Industries

New Product – SONNY Movement, Curve Tomorrow and Murdoch Children’s Research Institute

Industry

Applications, Tools & Platforms – Omny Studio, 121cast

Financial – CryptoPhoto, Cryptophoto.com

Industrial & Resources – Progressclaim, Progressclaim.com

Start-up – Maestrano, Maestrano

 

Service Domain

Consumer – WorldPhone, Norwood Systems

Education – Fireballs in the Sky, ThoughtWorks Australia and Curtin University

Government (sponsored by HP) – Bloodnet Laboratory Information System Interface, National Blood Authority

Health – Okee in Medical Imaging, The Royal Children’s Hospital Melbourne and Conduct

Society Domain

Regional, Inclusion & Community – COVIU, Coviu and NICTA

Sustainability – BuildingIQ, BuildingIQ

 

Students

Secondary – Smog Game, Josh Caratelli and Liam McLachlan, Elwood College

Undergraduate Tertiary – Robotic hand exoskeleton, Anthony Phan, Curtin University

Postgraduate Tertiary – Bandage, University of Melbourne

Raising your first round of capital? Starting a crowdfunding campaign? Want to grow your business with Instagram? StartupSmart School can help.

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