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Real estate giant Cushman & Wakefield confirms cyber incident, Qilin and ShinyHunters claim attack CrowdStrike expands Project QuiltWorks as more partners join AI security coalition Attackers increasingly turning to trusted security tools to compromise Aussie victims Exclusive: Champion Homes confirms customer data compromised in “cyber event” Australia, Japan commit to partnership to meet cyber security challenges & strengthen cyber defences NSW Treasury cyber incident contained, impact no longer ‘significant’ Report: AI-based data incidents on the rise in Australia WA rental scam surge: Tenants targeted with fake $500 discount trap Aussie Information Commissioner launches Privacy Awareness Week 2026 Unregistered branded text messages to be labelled ‘Unverified’ from 1 July US Federal Reserve outlines AI's influence on the finance sector Exclusive: Major Australian jewellery brand confirms cyber incident Australian government establishes new Cyber Incident Review Board Watch this! Komari server monitor tool abused by hackers Act Now! ACSC warns of active exploitation of cPanel & WHM critical vulnerability Exclusive: Kiwi electrical contractor confirms cyber attack Over 1 in 2 firms have AI privacy concerns: Intuit Exclusive: Prime Properties listed as breach victim by M3rx ransomware Anthropic launches dedicated Claude Security platform to public beta DigiCert launches AI Trust architecture to secure agents, models, and content ‘Rebuilding the enterprise’: How CEOs are preparing for automation Op-Ed: Redefining performance in the AI-powered SOC Ukrainian official advocates for artificial intelligence, autonomous drones for battlefield deployment NZ council cyber attack leads to ID and financial data being exposed ‘Building confidence’: The key to effective AI implementation Vect unveiled: Inside an emerging ransomware group’s affiliate network Exclusive: Gelatissimo confirms unauthorised access, investigates DragonForce hack claims US Department of War launches cyber-focused apprenticeship program CrowdStrike launches Project QuiltWorks to tackle skyrocketing AI-discovered vulnerabilities Australian government stands up new ‘tripartite forum’ to tackle AI challenges in the workforce Aussie ice-cream franchise Gelatissimo suffers alleged hack by DragonForce Report: Aussie small businesses doing it tough as job scams double, losses rise Cyber attacks on medical devices pose ‘significant’ impact on real-life patient care Twisted Firestarter! Aussie, US, and UK cyber agencies warn of Cisco malware campaign Generation Life informs customers of “cyber incident” as owner shares incident with ASX CBA launches new scam-finding AI agent Australian Army research paper advocates for Australian national cyber reserve force, volunteer cyber organisations ANZ appoints its first chief AI officer Westpac appoints Chief AI Innovation Officer as part of technology push ADF strengthens skills as Cyber Command marks 2 years of operation Sri Lankan government hack sees $3.7m destined for Australia stolen Outsiders are already accessing Anthropic’s new AI model, but is Claude Mythos really that powerful? CrowdStrike extends cloud threat detection to Google Cloud Hey big spender! Microsoft to invest $25bn in Australian AI infrastructure AI adoption highest for finance and property SMEs, says NAB Genetec marks Sydney milestone with visit by high commissioner of Canada to Australia Rental platform under fire for collecting excessive personal data Exclusive: SA genealogical research firm confirms cyber incident following SafePay ransom claims Q&A: Quantum cryptography will be a “Y2k times 10 problem,” says DigiCert CEO PentenAmio announces acquisition of Armour Communications Exclusive: Aussie passports compromised in alleged Favelle Favco data breach Cutting edge: Anthropic’s Claude Mythos preview is a ‘double-edged sword’, expert says Treasury staffer charged for NSW government data breach Op-Ed: AI won’t patch the holes in your SOC AI is helping young investors get into the property market Australia’s financial regulators are keeping a close eye on Mythos Game on! More than a third of FIFA World Cup 2026 partners expose Aussies to email fraud risk Dark web markets: A complete Aussie identity costs as little as $200 Your next car may be designed by AI Exclusive: NSW-based Strata Republic allegedly breached by Kairos ransomware group Braclays warns that Mythos could prove a problem for larger banks with legacy systems Report: Data collection by school-backed apps in Australia is out of control and a risk to kids Kinetic IT appoints Kishore Jayaram in new chief transformation officer role Anthropic launches Claude Opus 4.7 as researchers reveal fake Claude installer spreading malware Australian Federal Court embraces AI in new practice note FOI docs reveal information commissioner’s concerns over Age Assurance Technology Trial Mortgage fraud now harder to detect thanks to AI McGraw Hill confirms ShinyHunters breach, won’t confirm if any Aussie customers impacted Update now: Active exploitation of Nginx UI vulnerability CVE-2026-33032 underway Op-Ed: Australia inspired the EU’s online age restrictions, now it’s time for us to learn from them National Defence Strategy 2026: Spending on military cyber capability to reach at least $15bn Exclusive: Qld pharmacy chain allegedly breached by Kairos ransomware Anthropic co-founder confirms Trump admin was informed about Mythos AI model European Commission’s new age verification app removes privacy risk of third-party data collection Op-Ed: ASIO has broken its silence on cyber crime, and you should listen Too-hard basket: NIST to scale back CVE updates as vulnerabilities soar OpenAI launches GPT 5.4-Cyber in response to Anthropic Glasswing CHROs must lead the AI transformation, AI CEO says Op-Ed: Microsoft April Patch Tuesday reveals 167 vulnerabilities Kid stuff: Roblox to introduce safety improvements following Aus government warnings ADF joins international military exercise focused on cyber resilience and multi-domain operations The workforces impacted by the ‘AI axe’ OpenAI CEO’s home targeted in attempted drive-by just days after Molotov attack Report: Aussie youth increasingly turning to AI for mental health advice Exclusive: Aussie communications company Mastercom ‘aware’ of INC Ransom claims Booking.com confirms cyber incident, customer reservation data potentially compromised Report: Majority of CISOs not ready for the next big cyber attack Exclusive: Aboriginal community organisation confirms cyber incident following INC Ransom claims AMP to ‘embrace’ AI as tech reshapes banking WASTED! GTA developer Rockstar Games confirms hack as ShinyHunters demands ‘pay or leak’ Exclusive: Gunra ransomware lists Eric Davis Dental as breach victim Op-Ed: Why zero trust for OT should start at the boundary, not the boiler room Exclusive: NSW pharmacy management firm allegedly breached by INC Ransom US Treasury launches intelligence-sharing initiative with crypto companies Citigroup says AI speeds up new account openings Cyber war: Pro-Iranian hackers vow to fight on despite a fragile ceasefire with the US Exclusive: Victorian resort hotel allegedly breached by Space Bears ransomware Game on! Nationwide student competition aims to tackle Australia’s cyber skills gap Exclusive: Anubis ransomware gang claims hack of WA-based Shine Aviation Atlassian’s Confluence gets a dose of AI as standard SaaS loses steam
CrowdStrike expands Project QuiltWorks into cyber insurance and financial risk protection
David Hollingworth · 2026-05-29 · via Cyber Daily News

CrowdStrike has expanded its Project QuiltWorks initiative to include major cyber insurers and brokers, positioning the framework as an end-to-end model for managing growing financial risks.

CrowdStrike expands Project QuiltWorks into cyber insurance and financial risk protection

CrowdStrike has announced the next phase of Project QuiltWorks, extending the initiative beyond technical cyber defence and remediation into cyber insurance, underwriting, and financial risk mitigation.

The expanded framework brings together cyber insurance and risk management firms – including Coalition, Liberty Mutual Insurance, Lockton, Resilience, and Marsh – into the QuiltWorks ecosystem.

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CrowdStrike said the move reflected growing concern that frontier AI systems are dramatically accelerating vulnerability discovery and shrinking the time between flaw identification and active exploitation, creating new financial exposure for enterprises and insurers alike.

Daniel Bernard, CrowdStrike’s chief business officer, said cyber risk associated with advanced AI technologies was increasingly becoming a board-level issue rather than solely a technical problem.

“Frontier AI risk doesn’t stop at technology, it lands on the balance sheet,” Bernard said.

“Project QuiltWorks is the only framework that delivers the technology to identify and prioritise, the services to remediate, and the financial protection to secure against it.”

CrowdStrike said the framework is designed to provide organisations with continuous visibility into frontier AI risk exposure while also helping insurers assess and underwrite rapidly evolving cyber threats more accurately.

The company said QuiltWorks now incorporates financial risk modelling, underwriting intelligence, exposure prioritisation, and coordinated risk mitigation workflows designed to bridge the gap between technical security operations and financial risk management.

Under the model, insurers and ecosystem partners contribute claims data and actuarial insights alongside technical threat intelligence and vulnerability telemetry to identify the exposures most likely to lead to operational disruption or financial loss.

CrowdStrike said the framework was intended to help organisations improve their security posture while also strengthening their ability to obtain and maintain cyber insurance coverage as insurers tighten underwriting requirements around AI-related cyber risk.

Tim MalcomVetter, general manager of security at Coalition, said the speed of AI-driven cyber threats was fundamentally changing how organisations needed to manage exposure.

“Frontier AI is collapsing the window between vulnerability and loss, which makes continuous visibility and proactive risk mitigation more important than ever,” MalcomVetter said.

“Project QuiltWorks extends our approach to frontier AI risk, helping organisations better understand their potential exposure through security intelligence and take action through coordinated remediation before an attack can lead to a financial loss.”

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David Hollingworth

David Hollingworth has been writing about technology for over 20 years, and has worked for a range of print and online titles in his career. He is enjoying getting to grips with cyber security, especially when it lets him talk about Lego.