Bulk update custom field

Bulk update custom field

I have recently added a custom field to my contacts under "contact information" that is a true/false tick checkbox.

The field is showing in all of my contacts, which is great. However it hasn't automatically added a "tick" in the checkbox.
How can I do a bulk update of all of my contacts so that all have a "tick" in this custom fields checkbox. I'm not too keen to go through each contact individually as it will take forever.

Any help would be greatly appreciated.