Melbourne-based fintech Eightcap is preparing to launch its agentic AI security operations centre, which it is positioning as a cost-effective platform for small and medium-sized enterprises to match the cyber defence capabilities of much larger organisations.
Eightswarm, which the company will showcase at upcoming events in partnership with Amazon Web Services later this year, is designed to detect anomalies in under 50 seconds — far faster than the 15-minute industry benchmark according to the company — and respond autonomously without the need for shift-based security staff.
Chief executive Joel Murphy told InnovationAus.com that the timing of the launch reflects a rising urgency for SMEs to modernise security without the complexity or expense of traditional security operation centre (SOC) models.
“We see a huge gap for smaller organisations that need real-time protection but don’t have the luxury of building out large in-house teams,” he said. “Our goal is to make enterprise-grade defence available at a fraction of the cost.”
The Eightswarm system embeds intelligent agents into core workflows to deliver continuous monitoring, rapid triage and real-time remediation.
AWS has described Eightcap as “among the first to operationalise agentic security”, which it says is a model for more scalable, AI-driven security operations.
Eightcap chief information security officer Nick Harman said the speed and adaptability of AI is now a factor for both attackers and defenders.
“A new kind of threat is emerging agentic cyber attacks. We’ll need to fight agents with agents, so we built a SOC that protects, reasons, and responds,” he said.
Chief information officer Bryn Newell added that the platform removes the cost-versus-capability trade-off for smaller businesses.
“We’ve proven that SMEs can have both without having to choose one over the other,” he said.
The company says Eightswarm will launch with a freemium model to allow businesses to trial the system alongside existing tools. Beyond the SME market, Murphy said the technology is already attracting interest from organisations looking to integrate autonomous security into their broader digital transformation programs.
“Cybersecurity and AI are converging fast,” Murphy said. “The winners will be those who can adapt quickly without adding layers of cost and complexity. That’s the problem we set out to solve.”
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