CrowdStrike Expands Project QuiltWorks to the Cyber Insurance Industry to Mitigate Financial Impact of Frontier AI Risks

CrowdStrike (NASDAQ: CRWD) today announced the next evolution of Project QuiltWorks, expanding this industry framework from security measures against frontier AI risks to financial risk mitigation. As frontier AI accelerates vulnerability detection and shortens the time to exploitation, leading cyber insurance industry companies Coalition, Liberty Mutual Insurance, Lockton, Resilience, and Marsh bring actuarial intelligence, underwriting expertise, and financial protection to the framework.

QuiltWorks is the industry's first model addressing technical detection and prioritization, expert-led remediation, and financial risk mitigation. This model enables organizations and their management to gain a comprehensive view of their frontier AI exposure and address that risk using a coordinated framework.

Daniel Bernard, Chief Business Officer at CrowdStrike, stated: "Frontier AI risk is not just technical; it has financial implications. Project QuiltWorks is the only framework that provides the technology to identify and prioritize risk, services to remediate, and financial protection to shield organizations from risk. This is the standard CrowdStrike defines."

The Frontier Economy of Cyber Risk Frontier AI is fundamentally changing the economic structure of cyber risk, accelerating vulnerability detection, shortening the time to exploitation, and increasing the financial risk of attacks for organizations. In this new landscape, insurers are raising the bar, and through Project QuiltWorks, they are helping organizations build the security controls, visibility, and remediation frameworks needed to obtain and maintain insurance coverage.

A Coordinated Model for Risk Mitigation Built on frontier models from OpenAI and Anthropic, Project QuiltWorks is a framework that combines CrowdStrike's AI-powered vulnerability detection and attacker-informed prioritization with remediation services from world-class system integrators. Furthermore, with the addition of leading cyber insurers and brokers, the framework extends beyond technical risk mitigation to include financial risk modeling, underwriting intelligence, and coordinated financial risk mitigation. The result is a coordinated model that enables insurers to underwrite frontier AI risk and provides organizations with protection to mitigate that risk.

Financial Risk Modeling: Leveraging actuarial expertise and insurer risk intelligence, organizations and their management can accurately understand the financial impact arising from frontier AI risks.

Risk Prioritization: Combining attacker intelligence, vulnerability telemetry, and underwriting insights prioritizes risks most likely to lead to operational and financial loss. This goes beyond CVSS scores, based on what both attackers and insurers recognize as most critical.

Informed Underwriting: By providing continuous visibility into risk and leveraging a proven remediation framework, insurers gain the intelligence needed to underwrite frontier AI risk, and organizations gain a clear path to obtaining and maintaining the insurance their business requires.

Coordinated Risk Mitigation: CrowdStrike, insurers, and ecosystem partners combine AI-powered vulnerability detection, attacker intelligence, expert-led remediation, and claims data to create a continuous feedback loop that identifies, prioritizes, remediates, and financially mitigates frontier AI risk at scale.

Partner Quotes "Frontier AI is compressing the window between vulnerability detection and loss occurrence. This makes continuous visibility and proactive risk mitigation more important than ever. Coalition's approach combines continuous cybersecurity monitoring, response, and expert guidance with comprehensive insurance coverage to help organizations mitigate risk before an incident becomes a claim. Project QuiltWorks extends our approach to frontier AI risk, helping us gain deeper insight into potential risks through security intelligence and enabling coordinated remediation before an attack leads to financial loss." - Tim MalcomVetter, General Manager of Security, Coalition

"Frontier AI is accelerating the speed at which technical exposure translates into operational and financial impact. As an advisor helping organizations manage complex risks, Lockton recognizes the growing demand for greater visibility into frontier AI risk and clearer mitigation paths. Through Project QuiltWorks, Lockton and CrowdStrike provide customers with the coordinated framework needed to stay ahead of frontier AI risk and the financial protection to manage it." - Michelle Faylo, US Cyber & Technology Leader, Lockton

"Frontier AI is accelerating the speed at which vulnerabilities become critical business risks, and their financial impact is greater than ever. Companies need a way to cut through the noise and identify which risk factors lead to financial loss. The Resilience Risk Operations Center (ROC) was built to address this reality. It's impossible to keep everything safe; organizations need to protect against the threats that pose the most significant risk to their business. Joining Project QuiltWorks allows us to stay ahead of the cyber risk created by frontier AI and further improve how we analyze financial risk for our customers." - Jud Dressler, Head of Risk Operations, Resilience

CrowdStrike's Project QuiltWorks is available immediately. For more details, please visit here.