Business
CrowdStrike Expands Project QuiltWorks with Cyber Insurance Industry Leaders to Combat Financial Exposure to Frontier AI Risk
CrowdStrike Expands Project QuiltWorks with Cyber Insurance Industry Leaders to Combat Financial Exposure to Frontier AI
About this update from Crowdstrike Holdings, Inc.
[{"type":"text","content":"\nCrowdStrike (NASDAQ: CRWD) today announced the next evolution of Project QuiltWorks, extending the industry framework from securing frontier AI risk to mitigating financial exposure. As frontier AI accelerates vulnerability discovery and compresses exploitation timelines, leaders from the cyber insurance industry – Coalition, Liberty Mutual Insurance, Lockton, Resilience, and Marsh – bring actuarial intelligence, underwriting expertise, and financial protection to the framework.\n\n\nQuiltWorks is the industry's first model that spans technical discovery and prioritization, expert remediation, and financial mitigation – giving organizations and their boards a complete picture of frontier AI exposure and a coordinated framework to act on it.\n\n\n\"Frontier AI risk doesn't stop at technology, it lands on the balance sheet,\" said Daniel Bernard, chief business officer, CrowdStrike. \"Project QuiltWorks is the only framework that delivers the technology to identify and prioritize, the services to remediate, and the financial protection to secure against it. That's how CrowdStrike defines the standard.\"\n\n\nFrontier Economics of Cyber Risk\nFrontier AI is reshaping the economics of cyber risk, accelerating vulnerability discovery, compressing exploitation timelines, and expanding organizations' financial exposure to attacks. In this new reality, insurers are raising the bar, and, through Project QuiltWorks, helping organizations build the security controls, visibility, and remediation frameworks they need to obtain and maintain coverage.\n\n\nA Coordinated Model for Risk Mitigation\nPowered by frontier models from OpenAI and Anthropic, Project QuiltWorks combines CrowdStrike’s AI-driven vulnerability discovery and adversary-informed prioritization with remediation services from the world’s top systems integrators. With the addition of leading cyber insurers and brokers, the framework extends beyond technical risk reduction to financial risk modeling, underwriting intelligence, and coordinated financial mitigation. The result is a coordinated model that gives insurers the confidence to underwrite frontier AI risk and organizations the protection to mitigate it.\n\nFinancial Risk Modeling: Actuarial expertise and insurer risk intelligence helps organizations – and their boards – gain a precise measure of their financial exposure ...