Here are a few things to think about when reviewing privacy polices for crowdfunding portals.
Number 1: Tell Users What Data You are Collecting
Number 2: Tell Users What you are Doing with the Data
Compiling and selling user data
On the other hand, some websites choose to compile and sell those data to third parties. There’s certainly nothing wrong with that. However, you should advise users that you are selling their data to third parties. You can also include specific limitations on what you’re doing with that data or in some instances, leave the door open to how you intend to use that data.
- Identify the categories of personally identifiable information that the operator collects through the Web site or online service about individual consumers who use or visit its commercial Web site or online service and the categories of third-party persons or entities with whom the operator may share that personally identifiable information.
- If the operator maintains a process for an individual consumer who uses or visits its commercial Web site or online service to review and request changes to any of his or her personally identifiable information that is collected through the Web site or online service, provide a description of that process.
- Identify its effective date.
- Disclose how the operator responds to Web browser “do not track” signals or other mechanisms that provide consumers the ability to exercise choice regarding the collection of personally identifiable information about an individual consumer’s online activities over time and across third-party Web sites or online services, if the operator engages in that collection.
- Disclose whether other parties may collect personally identifiable information about an individual consumer’s online activities over time and across different Web sites when a consumer uses the operator’s Web site or service.
User data use requests