$ALARAug 26, 2026, 12:30 PMAI processed
Securities class action filed against Alarum (ALAR) over alleged NetNut device-linking
AI Summary
Kaplan Fox filed a securities class action on behalf of investors who bought Alarum (NASDAQ: ALAR) between March 20, 2025 and July 2, 2026, alleging an Alarum subsidiary, NetNut, was linking customers' home internet devices into another network without consent. The suit says that practice allowed cybercriminals to conceal locations, materially increased Alarum's legal exposure and threatened its business prospects; potential lead-plaintiff candidates must move the court by Oct. 5, 2026.
Positives
- Securities class action filed covering purchases from March 20, 2025 to July 2, 2026
- Allegations center on NetNut, an Alarum subsidiary
- Deadline to move for lead plaintiff is October 5, 2026
Negatives
- Claim that NetNut linked customer home internet devices into another network without consent
- Alleged conduct purportedly allowed cybercriminals to conceal their locations
- Lawsuit alleges the conduct materially heightened Alarum’s legal exposure and threatened business prospects