Blog
Magnit Achieves C5 Certification for Vendor Management System
Peter Gaffney | April 26 2023
We’re excited to announce we have just achieved Cloud Computing Compliance Controls Catalog (C5) for Magnit Vendor Management System (VMS). This certification builds on our commitment to keeping our clients’ data protected by the latest in data security measures.
What is C5?
The German Federal Office for Information Security (BSI) created the C5 to be a standard establishing a mandatory minimum baseline regarding cloud security. It also impacts public cloud solution adoption by German government agencies and companies working with the government. The purpose of C5 is to provide assurance to customers that their data is managed securely and provide a security framework for certifying cloud services providers. The C5 standard is also leveraged across other entities in the European Union. For Magnit, C5 will meet client assurance frameworks which our global customers leverage to manage their risk.
"Leveraging the contingent workforce to drive greater agility is key in today's volatile economy, and a top-tier VMS can help optimize this pursuit," says Christopher J. Dwyer, Senior Vice President of Research at Ardent Partners and Managing Director of the Future of Work Exchange. "In a future of work that's increasingly digitized and remote, solution security is a critical component of a leading-edge VMS’s impact on managing the crucial nature of this workforce.”
The C5 certification further builds on Magnit’s stable of attestations, including:
- ISO 27001 (Information Security)
- ISO 27017 (Cloud Services)
- ISO 27018 (Pii)
- ISO 27701 (Privacy)
- CSA STAR Level 2
- SOC 1
- SOC 2
- SOC 3
- UK Cyber Essentials +
We recognize that the confidentiality, security and availability of our clients’ data is essential to their business. As such, Magnit is firmly dedicated to keeping customer data protected. Security is embedded in every part of the Magnit platform, and we are always innovating to ensure Magnit VMS meets the most rigorous compliance and data privacy standards. As the world of work evolves, we are committed to continually investing in the latest global standards to ensure we’re providing clients with the most secure solutions.
Read more about our governance standards and business practices in our Impact Report.
Read more about Magnit VMS and our security certifications here.
If you’re interested in learning more about how Magnit is helping organizations implement winning contingent workforce programs globally, please contact a Magnit representative at info@magnitglobal.com.
Disclaimer: The content in this blog post is for informational purposes only and cannot be construed as specific legal advice or as a substitute for legal advice. The blog post reflects the opinion of Magnit and is not to be construed as legal solutions and positions. Contact an attorney for specific advice and guidance for specific issues or questions.