Technology

Technology blog Gigaom announced that, unable to pay creditors, it’s discontinuing its operations, but it likely is not filing for bankruptcy.

In a post titled “a brief note about our company,” Gigaom’s management said it’s currently unable to pay creditors that have rights to all of the company’s assets. Gigaom said it doesn’t know what lenders plan to do with the assets, but “the company does not currently intend to file bankruptcy.”

As bitcoins become more popular, banks should consider the credit risks associated with borrowers who own digital currencies and take steps to mitigate potential pitfalls.

Rather than wait until after a data breach to increase information-security investments, banks should put into place practices that help prevent cyberattacks in the first place.

Real-time payments would undoubtedly benefit some consumers and companies, but same-day payments can address many current needs. To that end, Nacha is working on a phased-in approach to implementing multiple same-day settlement windows.

As data breaches become more common, bank board members need to make sure that senior management is familiar with the latest cybersecurity developments and has a crisis communications plan in place.