March 22 2021
Leading modern workforce management provider demonstrates its commitment to compliance and data privacy by meeting latest industry standards.
SAN FRANCISCO--(BUSINESS WIRE)--Magnit (formerly PRO Unlimited), the modern workforce management solutions provider, today announced it has received the ISO/IEC 27701:2019 (ISO 27701) certification for its Privacy Information Management System, in the role of a Personally Identifiable Information (PII) data processor, supporting the Vendor Management System (VMS), Wand. This is the first international standard that provides guidance for establishing, maintaining and continually improving a Privacy Information Management System. Magnit’s commitment in attaining this certification as an early adopter demonstrates its position as a market leader.
ISO 27701 is the privacy extension of the Information Security Management System standard, ISO/IEC 27001:2013 (ISO 27001), building upon the same requirements, controls and objectives, and is aligned with GDPR. This new certification provides a way to demonstrate conformance to the requirements of a Privacy Information Management System. It also delivers a structured framework to best approach it while recommending information security and personal data protection requirements and outlining practical guidance for managing privacy programs.
“With data privacy top of mind for both businesses and individuals, Magnit is committed to its clients and how we handle their data. As such, we are pleased to achieve ISO 27701 certification for our Privacy Information Management System supporting Wand,” said Peter Gaffney, SVP, Systems and CISO at Magnit. “We will continue to invest in global standards like these to provide the most secure software solutions to our clients. Our goal is to ensure that our VMS platform meets the most rigorous standards for data privacy and compliance.”
With this objective in mind, Magnit VMS is audited on a continual basis both internally and externally. In addition to the ISO 27701 certification, Magnit has been awarded the following certifications and has complied to the following Data Security requirements:
These compliance achievements are industry-agnostic. They benefit Magnit’s clients by providing independent validation of the security controls and processes Magnit has implemented to protect client data.
About Magnit
Magnit offers the industry's most comprehensive and holistic platform for contingent workforce management, and helps organizations around the world address the costs, risks and quality issues associated with managing the non-employee workforce. Magnit's platform consists of integrated SaaS software and services solutions that are built on the world's most robust contingent workforce data set, spanning over 30 years. A pioneer and innovator in the industry, Magnit's platform provides solutions for the procurement and management of contingent labor, global rate intelligence, direct sourcing, 1099/co-employment risk management, third-party payroll, and diversity and inclusion. https://magnitglobal.com
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