The complaint filed by the Law Offices of Frank R. Cruz alleges that Alarum Technologies issued misleading statements regarding its business operations and overall legal standing. Central to the allegations is the company’s subsidiary, NetNut, which reportedly linked customer home internet devices into a secondary network without obtaining proper consent.
This unauthorized activity allegedly enabled cybercriminals to obscure their physical locations, significantly increasing the company's legal exposure. The suit contends that these undisclosed risks rendered the company's public statements regarding its growth and prospects materially false. Investors seeking to participate in the class action or obtain further information regarding their legal rights may contact the Law Offices of Frank R. Cruz via email at info@frankcruzlaw.com or by phone at 310-914-5007.
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