Alarum Technologies Faces Securities Class Action Over Subsidiary's Alleged Illegal Activity
Event summary
- Rosen Law Firm filed a class action lawsuit against Alarum Technologies on behalf of investors who purchased securities between March 20, 2025, and July 2, 2026.
- The lawsuit alleges that Alarum's subsidiary NetNut engaged in illegal activity by linking customer home internet devices into another network without consent.
- This activity allegedly allowed cybercriminals to conceal their locations, heightening Alarum's legal exposure and threatening its business prospects.
- Investors have until October 5, 2026, to apply to serve as lead plaintiff in the lawsuit.
The big picture
Alarum Technologies is facing significant legal and reputational risks due to the alleged illegal activities of its subsidiary NetNut. This lawsuit highlights the growing scrutiny over cybersecurity practices and the potential legal exposure for companies involved in internet services. The case could set a precedent for how similar activities are regulated and penalized in the future.
What we're watching
- Legal Exposure
- How the lawsuit will impact Alarum Technologies' legal costs and potential settlements.
- Business Prospects
- Whether the alleged illegal activity will materially affect Alarum's business operations and customer trust.
- Regulatory Scrutiny
- The pace at which regulators may investigate Alarum Technologies following these allegations.
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