New and more stringent measures to combat fraudulent bank account change requests

Corporate

Argor-Heraeus is announcing the introduction of new and more stringent measures to combat fraudulent requests to change bank account details, a fraud increasingly used by cybercriminals as a way of diverting payments. From now on, all requests from its partners to change bank account details will be checked by means of a multi-step process and using various different communication channels. Argor-Heraeus is fully aware that this new procedure could slow down normal non-fraudulent requests and asks for the understanding of its partners, in the common interest. The company also informs its partners that under no circumstances will they receive email communications from Argor-Heraeus regarding changes to their bank account details.