On May 25, 2018, a new data privacy law called the General Data Protection Regulation (GDPR) will come into force, impacting how businesses collect and process data from individuals who live in the European Union (EU). It’s the most significant piece of data protection legislation to be introduced in the EU in 20 years and will replace the 1995 Data Protection Directive.

Here’s what this means for you.

What's the gist of GDPR?

It gives people who are based in the EU greater privacy rights and means that there will be new rules to follow when it comes to collecting, tracking, or handling EU-based customer's personal data.

Does GDPR affect me?

This is highly likely. If you process any form of EU data, then this is for you.

What will GDPR change
for data security?

Quite a few things; from higher standards for protecting sensitive data, to harsher penalties for breaking the rules. You can find out more from the useful links below.

Crowdfunder is 100% committed to your data privacy.

Crowdfunder takes data privacy very seriously and we view GDPR as an opportunity to enhance our commitment to data protection for the benefit our customers.

We’re excited to welcome GDPR, as we know it will help reinforce true permission-based marketing, streamlined data and building trust between marketers, prospects, and customers in the EU.

As a trusted crowdfunding platform, our top priority is ensuring that our customers have confidence in our platform and that the data they collect with Crowdfunder is processed securely and in accordance with GDPR requirements.

What’s Crowdfunder doing now to meet GDPR rules?

We’re committed to complying with the GDPR by the date of enforcement: May 25, 2018.

As of right now, we’re completing a comprehensive audit of GDPR’s requirements and identifying where we need to make modifications to our platform, contracts and documentation.

What's next?

We’ll be keeping you (our stakeholders, customers and partners) updated as we take steps to become GDPR-compliant. You’ll be hearing more from us soon, so sit tight!

Our goal at Crowdfunder is to deliver an industry-leading funding ecosystem, so that ideas can be supported by the Crowd and our partners. Being compliant with GDPR will be integral to how we support this goal and ensure the success of our customers.

Owen Wallis, Head of Product at Crowdfunder.co.uk