CrowdStrike announced last month it was expanding its work on Project QuiltWorks, an industry framework that would protect cyber insurance companies from financial exposure due to frontier AI risk.
The company said leaders from the cyber insurance industry – Coalition, Liberty Mutual Insurance, Lockton, Resilience, and Marsh – will bring actuarial intelligence, underwriting expertise, and financial protection to the framework, and will help CrowdStrike create a coordinated model for how frontier AI risk is identified, remediated and financially mitigated.
“Frontier AI risk doesn’t stop at technology, it lands on the balance sheet,” Daniel Bernard, chief business officer at CrowdStrike, said. “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.”
QuiltWorks is the industry’s first model that gives organizations and their boards a complete picture of frontier AI exposure and also a coordinated framework to act on it, by covering technical discovery and prioritization, expert remediation and financial mitigation.
As Frontier AI reshaped the economics of cyber risk and expanding organizations’ financial exposure to attacks, Project QuiltWorks will help organizations build the security controls, visibility and remediation frameworks to obtain and maintain coverage, the company said.
Powered by models from OpenAI and Anthropic, Project QuiltWorks combines CrowdStrike’s AI-driven vulnerability discovery and adversary-informed prioritization with remediation services.
The coordinated model provides financial risk modeling, exposure prioritization, and underwriting confidence, and coordinated risk management.
“Frontier AI is collapsing the window between vulnerability and loss, which makes continuous visibility and proactive risk mitigation more important than ever,” Tim Malcom Vetter, General Manager of Security at Coalition, said. “Coalition’s approach combines continuous cybersecurity monitoring, response, and expert guidance with comprehensive insurance coverage to help organizations reduce their exposure before an incident can become a claim. Project QuiltWorks extends our approach to frontier AI risk, helping organizations better understand their potential exposure through security intelligence and take action through coordinated remediation before an attack can lead to a financial loss.”