Here's what's happening in this week's Security News Round-Up:

Resideo Sells ‘Non-Strategic Asset’ Genesis Cable to Southwire

Resideo said it will use net proceeds from the $87.5 million transaction for ongoing organic and inorganic investment and to support capital return to shareholders through the recently announced share repurchase program. ► Read the full story

California Right-to-Repair Act Excludes Alarm & Fire Protection Systems

Due to efforts led by the SIA with support from industry partners, the measure specifically excludes electronic products provided by security and life-safety manufacturers. ► Read the full story

World Security Report Finds Physical Security Incidents Cost Companies $1 Trillion in 2022

Commissioned by Allied Universal and its international business, G4S, the World Security Report documents opinions of 1,775 chief security officers (CSO) or those in equivalent positions from 30 countries. ► Read the full story

Pye-Barker Acquires Maximum Security

Maximum Security's team of technicians, sales representatives and administrative staff will continue to serve customers in California. ► Read the full story