This module provides rules events, actions, and conditions related to Drupal project update statuses.
Drupal core offers a simple email notification when the site needs core/module updates. Unfortunately those emails do not contain any information about the projects or the releases, and you're at the mercy of the standard update notification configuration. This module solves this problem, and gives you all of the capabilities (actions, conditions, etc.) of Rules for handling update statuses. Imagine being able to send an email to your task management app with the server name, project name, and release info every time a security update is needed. This is a simple example, but was the exact goal I was shooting for when I wrote this module.
Security implications: please exercise caution when handling the status of the modules on your sites. You should not make public which security updates your sites need. I've added a "guid" to this module that you can use as a unique identifier for a specific project release. You can read about it in the README.txt file.