Alarum Technologies (ALAR) has paused traffic through certain network services for several days following July 2 and July 3 network incidents, the company said Saturday.

The move is meant to allow the incident to be investigated and determine "whether any malicious activity occurred," the company said.

"The company believes that temporarily pausing traffic through the relevant network services is the most responsible course of action while the investigation is ongoing," the company said.

Shares of the company were down more than 50% in Monday's premarket trading.