Women’s risk management, attention to detail give edge in cybersecurity, forum told

Mary Aiken, chair of the Cyberpsychology Department at Capital Technology University. Screenshot
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Updated 02 October 2024
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Women’s risk management, attention to detail give edge in cybersecurity, forum told

RIYADH: Women are playing an increasingly vital role in the cybersecurity industry, leveraging their strengths in risk management and attention to detail, according to the chair of the Cyberpsychology Department at Capital Technology University. 

Speaking at the Global Cybersecurity Forum in Riyadh, Mary Aiken noted that women’s focus on evaluating risks and their intuitive understanding of threats result in stronger decision-making and strategic outcomes for organizations. 

This comes as women are projected to make up 30 percent of the global cybersecurity workforce by 2025, with that figure rising to 35 percent by 2031, according to Cybersecurity Ventures. 

Aiken highlighted that attention to detail is a crucial skill in cybersecurity roles like data analysis, emphasizing that women excel in this area.

“The research says you get better strategic decision-making, you get better risk management because women are very focused on evaluating risk and have good intuitive perceptions around risk,” she said. 

Aiken also pointed out that women often demonstrate high levels of verbal fluency, which contributes to their effectiveness as leaders in the cybersecurity field. “They actually make good leaders and cyber leaders,” she noted. 

Additionally, she emphasized that diplomatic skills and empathy, often seen as gender-based traits, play a key role in attracting and retaining talent in the industry. 

Also present on the panel, Chief Information Officer at Paladin Capital Group Christopher Steed emphasized that despite the benefits of gender diversity, only 2 percent of venture-backed startups in 2023 were women-led. In the cybersecurity field, that number is slightly higher, ranging between 10 percent and 13 percent. 

“Our numbers when it comes to women-led startups are actually higher than that; however, I think it’s also important to broaden the definition. It can’t just be women-founded; it can’t just be women in C-level positions. It’s also the employee base,” he added. 

David Hoffman, professor of cybersecurity policy at Duke University, echoed these sentiments, sharing his experience with female students leading in cybersecurity competitions. 

“Our national championship cyber team has predominantly been led by women, but that doesn’t mean they aren’t already facing an uphill struggle and barriers that some of their male colleagues and peers do not,” he concluded. 

The Global Cybersecurity Forum, which runs from Oct. 2 to 3, focused on enhancing collaboration in cyberspace under the theme “Advancing Collective Action.” 

The event gathers global leaders from technology, public policy, and defense sectors to address strategic priorities in the cybersecurity landscape. 


SABIC sells European petrochemicals, engineering plastics units in $950m portfolio restructuring 

Updated 08 January 2026
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SABIC sells European petrochemicals, engineering plastics units in $950m portfolio restructuring 

RIYADH: Saudi Basic Industries Corp. is selling two overseas businesses for a combined $950 million as the world’s biggest petrochemicals maker continues to streamline its portfolio and redeploy capital toward higher-return segments. 

The Riyadh-based company agreed to sell its European petrochemicals business to investment firm AEQUITA for $500 million and its engineering thermoplastics operations in the Americas and Europe to turnaround specialist Mutares for $450 million, SABIC said in a release.

The plastics deal includes an earn-out linked to future cash flow and a potential resale. 

The transactions are part of SABIC’s portfolio optimization program launched in 2022, which has already seen divestments including Functional Forms, Hadeed and Alba. The company aims to sharpen its focus, improve returns, and free up capital for higher-growth opportunities. 

Abdulrahman Al-Fageeh, CEO of SABIC, said: “This strategic approach allows us to actively reshape our portfolio and sharpen our focus on areas where SABIC has clear and sustainable competitive advantages in a rapidly changing landscape.” 

He added: “I am pleased that both AEQUITA and Mutares will work with us in the future to ensure that we continue to serve our global customers in a seamless manner.” 

The European petrochemicals business produces ethylene, propylene, various grades of polyethylene, polypropylene and polymer compounds. Its manufacturing footprint includes sites in the UK, the Netherlands, Germany and Belgium. 

The engineering thermoplastics business in the Americas and Europe produces polycarbonate, polybutylene terephthalate and acrylonitrile butadiene styrene. Its facilities are located in the US, Mexico, Brazil, Spain and the Netherlands. 

“The Board endeavored to achieve these transactions, which represent a significant milestone in the execution of our strategy to further optimize our portfolio and maximize shareholder value by enhancing the Company’s cash generation capacity and achieving the highest possible return on our global businesses,” said Khalid Al-Dabbagh, chairman of the board of directors of SABIC. 

Chief Financial Officer Salah Al-Hareky said the transactions demonstrate a “disciplined approach” to capital allocation and active portfolio management, aimed at improving return on capital employed and free cash flow. 

Despite the divestments, SABIC said it will maintain strategic market access through exports to Europe and the Americas, while preserving its focus on technology, innovation and customer service. 

Both buyers have committed to ensuring business continuity, retaining workforce expertise and maintaining high safety and customer service standards during the transition. 

Axel Geuer, president and co-CEO of AEQUITA, said: “This transaction represents a further step in the expansion of our European chemicals platform.” 

He added: “The assets are highly synergistic with the olefins and polyolefins business we recently acquired from LYB; with complementary markets, infrastructure and operational capabilities, we see substantial potential to realize synergies and drive operational improvements across both businesses.” 

Geuer, noted that under AEQUITA’s active ownership model, the focus will be on supporting the teams on the ground, ensuring a seamless integration, and building a scaled, competitive platform positioned for long-term, sustainable value creation. 

Robin Laik, co-founder and CEO of MUTARES, said: “The Engineering Thermoplastics (ETP) business in the Americas and Europe has a highly skilled workforce and strong customer relationships.” 

He added: “Under focused ownership, our priority is to ensure continuity, support employees through the transition, and unlock the full potential of our asset base as a standalone ETP platform.” 

The deals are subject to customary closing conditions, regulatory approvals, and, where applicable, employee consultation processes.