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Bank Leumi Sues Meta for 26 Million Shekels Over Fraudulent Ads Using Its Branding

How 4 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Walla · 58 minutes ago

What happened

Bank Leumi is suing Meta for 26 million shekels, accusing the platform of hosting paid fraudulent ads that misuse the bank's branding to steal customer data and funds.

01Bank Leumi sues Meta for 26 million shekels over fraudulent ads using its branding.
02The ads falsely promise benefits to lure customers into sharing sensitive personal and bank details.
03Stolen information is used for unauthorized account access and fund withdrawals.
04Meta allegedly profits from these paid ads despite awareness of their fraudulent nature.
05This lawsuit is unusual as a major bank, not individuals, is taking legal action against a tech giant.

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

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