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EY Joins Forces with Project QuiltWorks

In a significant move to bolster cybersecurity measures in the corporate sector, EY Strategy and Consulting (EYSC) has recently announced its participation in Project QuiltWorks, an industry-wide initiative led by CloudStrike. This partnership aims to address the growing vulnerabilities posed by the advancements in frontier AI models, which have rapidly transformed the threat landscape facing businesses today.

The Escalating Cybersecurity Challenge

As the sophistication of frontier AI technology continues to rise, the potential for identifying and exploiting vulnerabilities within systems has accelerated. In light of this evolving threat environment, leading cybersecurity firms are collaborating to provide comprehensive support that assists organizations in accurately assessing their cyber risks, prioritizing those risks, and fortifying their resilience against new cyber threats. EYSC's entry into Project QuiltWorks is a vital step in strengthening this collective effort.

Overview of Project QuiltWorks

Project QuiltWorks represents a collaborative alliance among various entities, including frontier AI research institutions, major system integrators, leaders in the cyber insurance sector, and cloud infrastructure providers. This ecosystem aims to deliver a holistic solution for evaluating, prioritizing, and remediating frontier AI risks, along with offering financial protection against potential threats.

EYSC is leveraging this ecosystem to provide services based on the CloudStrike platform, aligning with global initiatives that will soon extend to the Japanese market.

Unique Offerings of the Initiative

Central to EYSC's offerings is the use of frontier AI to enhance the management and remediation of vulnerabilities across the software development lifecycle. This includes:

• - An objective assessment of current vulnerability management practices and capabilities from a professional perspective.
• - Comprehensive scans of application codebases using frontier AI to identify vulnerabilities.
• - Prioritizing detected vulnerabilities based on their exploitability potential, current attacker behavior, and business impact.
• - Creating reports that include proposed mitigations and insights to support executive decision-making.

Through this coordinated approach, EYSC not only helps in evaluating and prioritizing cyber risks but also facilitates ongoing remediation support, fostering effective vulnerability management amidst the rapid and sophisticated evolution of cyber-attacks.

Enhancing Cybersecurity Posture for the Future

Building on its established expertise in cybersecurity and risk consulting, EYSC plans to expand its services in building cybersecurity frameworks suitable for the frontier AI era. This expansion includes:

• - Evaluating organizational preparedness and suggesting improvements to counteract frontier AI-driven cyber attacks.
• - Redesigning IT and security architectures to align with frontier AI advancements.
• - Reforming the software development cycle (DevSecOps) to address new cybersecurity demands.
• - Establishing ongoing evaluation mechanisms for outsourced services and supply chains in the context of frontier AI.

By integrating CloudStrike's technologies with EYSC's consulting prowess, the partnership aims to comprehensively support effective security transformations, ensuring that organizations can navigate the complexities of cybersecurity in the era of frontier AI.

Insight from EYSC Leadership

Takuya Sato, the Cybersecurity Associate Partner at EYSC, emphasized the dual-edged nature of emerging technologies: "While new technologies can drive significant growth for companies, their widespread adoption also amplifies associated cyber risks. Through our collaboration with CloudStrike in Project QuiltWorks, EYSC is dedicated to supporting the evaluation and response to frontier AI risks. We aim to not only highlight the positive impacts of new technologies but also swiftly identify the accompanying cyber dangers, facilitating sustainable growth for our clients via transformational technological advancements."

About EY

EY is focused on creating new value for clients, stakeholders, and society at large by establishing trust in capital markets. By leveraging data, AI, and advanced technologies, EY's teams help clients navigate pressing challenges with confidence, crafting solutions for current and future obstacles. With service domains spanning assurance, consulting, tax, strategy, and transactions, EY offers support globally, backed by extensive industry insights and a network of diverse ecosystem partners.

For more information on EY's consulting services and initiatives, visit ey.com.