Still Using a Lockbox and Phone-Based Payments? You May Be Putting Your Newspaper at Risk.
By their nature, news organizations are required to handle a surprisingly large number of financial transactions. Emerging digital privacy legislation, including the New York SHIELD Act, is making it harder for newspaper organizations to securely handle payment information and maintain compliance with local and national cybersecurity standards.
In the hectic, deadline-driven world of the press, it may be tempting to maintain the status quo of processing payments the “same way it has always been done,” leaving requirements like PCI compliance to chance. Leaders in this industry may feel like it would take too much time and effort to research and select a new payment method to replace their lockboxes and phone-based payments but, as it turns out, the cost of non-compliance is much higher than it seems.