Cybersecurity company CrowdStrike has announced an expanded phase of its Project QuiltWorks initiative, with an update that expands the framework beyond cutting-edge artificial intelligence security risk management to also cover related financial risks.
A key development in this expansion is the participation of leading cyber insurance providers Coalition, Liberty Mutual Insurance, Lockton, Resilience and Marsh.
CrowdStrike highlights that these partners contribute actuarial expertise, underwriting capabilities and financial protection insights, enhancing the framework’s ability to connect technology cyber risks to financial impacts.
The company noted that accelerated advances in cutting-edge artificial intelligence are accelerating vulnerability discovery and significantly reducing time to exploitation, reshaping how organizations assess and respond to cyber risks.
CrowdStrike describes QuiltWorks as the industry’s first model that integrates technical discovery and prioritization, expert remediation and financial mitigation. The company said this combined approach is designed to give organizations and their boards a more comprehensive understanding of the risks associated with cutting-edge AI, while enabling a coordinated approach to managing operational and financial risks.
“Cutting edge AI risks don’t stop with the technology, they show up on the balance sheet,” added Daniel Bernard, chief commercial officer at CrowdStrike. “The QuiltWorks program is the only framework that provides the identification and prioritization of technology, remediation services, and financial protection against risk. That’s how CrowdStrike defines the standard.”
