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Bank Leumi Sues Meta for 26.6 Million Shekels Over Systematic Phishing Ads

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First reported by Walla · 4 hours ago

What happened

Bank Leumi has sued Meta for 26.6 million shekels, accusing it of enabling systematic phishing ads on Facebook and Instagram that impersonate the bank and defraud customers. The bank demands compensation and court orders for stricter advertiser verification and cooperation with authorities. Meta declined to comment.

01Bank Leumi sues Meta for 26.6 million shekels over phishing ads impersonating the bank.
02Phishing ads promise gifts and fake lotteries, leading victims to fraudulent sites stealing login data.
03Bank claims Meta profits from approving these ads and ignores clear warning signs.
04243 malicious campaigns were detected in one month, exceeding the first half-year total.
05Bank demands court orders for advertiser identity verification and warnings on unverified ads.
06Meta Israel refused to comment on the lawsuit.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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