The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired Alarum Technologies, Ltd. (“Alarum” or the “Company”) (NASDAQ: ALAR) common stock between March 20, 2025 and July 2, 2026, inclusive (the “Class Period”). Alarum Technologies, Ltd. investors have until October 5, 2026 to file a lead plaintiff motion.
IF YOU SUFFERED A LOSS ON YOUR ALARUM TECHNOLOGIES, LTD. INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT.
You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at info@frankcruzlaw.com, by telephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com.
What Happened?
On July 2, 2026, Reuters published an article entitled “Google disrupts NetNut proxy network used in malware operations.” The article stated Google announced it had “weakened a network of internet-connected devices being used to conceal and route malicious online traffic” and identified Alarum subsidiary NetNut “related malware command-and-control operations.” The article reported Google acted “against the NetNut residential proxy operator and the Popa botnet… in partnership with the FBI.”
On this news, Alarum ADSs fell $1.67 per share, or 20.8%, to close at $6.35 per ADS on July 2, 2026, thereby injuring investors.
Then, on July 4, 2026, Alarum issued a press release entitled “Alarum Technologies Announces Temporary Operational Pause of Certain Network Services,” which stated “the Company continues to investigate the recent incident affecting certain aspects of NetNut Ltd’s network” and “[a]s part of this ongoing investigation, and as a precautionary operational measure, the Company has decided to temporarily pause traffic through the relevant network services for several days.”
On this news, the price of Alarum ADSs fell $3.27 per share, or 51.49%, to close at $3.08 per share on July 6, 2026, thereby injuring investors further.
What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) An Alarum Technologies subsidiary, NetNut, was engaging in illegal activity by linking customer home internet devices into another network without the customers consent; (2) This activity allows cyber criminals to conceal their locations; (3) The foregoing materially heightened Alarum Technologies legal exposure and materially threatened its business prospects; and (4) As a result, defendants statements about Alarum Technologies business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Contact Us To Participate or Learn More:
If you purchased Alarum common stock, wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please click HERE or contact us at:
Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, CA 90067
Telephone: 310-914-5007
Email: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com
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View source version on businesswire.com: https://www.businesswire.com/news/home/20260806473709/en/
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