Challenges of Applying CMMC Standards in the Insurance Industry
The Cybersecurity Maturity Model Certification (CMMC) is a framework established by the Department of Defense (DoD) to enhance cybersecurity across the Defense Industrial Base (DIB). While primarily targeting defense contractors, its implications extend to companies in the insurance industry because of the sensitive government information they may manage. Let’s explore the challenges of applying CMMC standards in the insurance industry, and how to address them.
Understanding CMMC and Its Relevance to the Insurance Industry
CMMC integrates various cybersecurity standards and best practices, requiring organizations to implement specific controls based on the sensitivity of their data. For insurance companies dealing with Controlled Unclassified Information (CUI) or Federal Contract Information (FCI), meeting the requirements under CMMC Level 2 and 3 are crucial.
Key Challenges in Implementing CMMC Standards
1. Identifying and Protecting CUI
Insurance companies may struggle to accurately identify and categorize CUI within their systems, leaving data potentially vulnerable to a cyber attack. Collaborating with CMMC experts can identify what information would be considered CUI, and what requirements are necessary to secure it.
2. Resource Allocation and Financial Investment
Achieving CMMC compliance requires significant investment in cybersecurity infrastructure, personnel training, and process enhancements. For insurance companies, especially smaller firms, these costs can pose substantial financial challenges. Strategic planning and budgeting are necessary for balancing compliance efforts with financial constraints.
3. Complex and Evolving Standards
The technical nature of CMMC demands a deep understanding of cybersecurity protocols. Additionally, the evolving nature of these standards can be daunting for companies that do not have dedicated cybersecurity teams.
4. Operational Disruptions
Implementing new cybersecurity controls can disrupt existing workflows, affecting productivity and service delivery. Insurance companies must manage these changes carefully to minimize the impact on their business.
5. Documentation and Continuous Monitoring
CMMC compliance requires thorough documentation of cybersecurity policies and continuous monitoring of controls. Maintaining this level of oversight demands dedicated resources and can be challenging to sustain over time.
How HCRS Can Assist
We offer tailored support to insurance companies that need to meet CMMC requirements.
Expert Consultation: We explain what requirements pertain to the insurance industry and its data.
Resource Planning: We assist your team with budgeting for compliance and allocating the necessary resources.
Implementation Support: We oversee the integration of necessary controls while avoiding any disruptions in your normal operations.
Continuous Monitoring Solutions: We offer tools and services for ongoing compliance monitoring and documentation.
Take the Next Step Towards Compliance
Navigating the complexities of CMMC compliance is essential for insurance companies handling sensitive government information. Partnering with HCRS ensures a structured and efficient approach to achieving compliance, safeguarding data, and maintaining operational integrity.
Contact us today to learn more!
