Knowledge Security Risk Management

This assignment explores the growing importance of knowledge security risk management in modern organizations. It highlights various risks associated with knowledge sharing, particularly in social media environments, such as privacy invasion, loss of control, and industrial espionage. The paper discusses a proactive approach to knowledge security risk management (KSRM) which involves identifying assets, analyzing risks, implementing mitigation strategies, and continuous monitoring. The KSRM model emphasizes the dynamic nature of knowledge and its value to organizations.

Running head: RESEARCH METHODS FOR COMPUTER SCIENCE
Research Methods for Computer Science
Name of the Student
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RESEARCH METHODS FOR COMPUTER SCIENCE
Knowledge security risk management in contemporary companies – toward a proactive approach
With the emergence of the organizational knowledge system, knowledge security risks receive
very less attention. The different proactive process for managing the knowledge security risks needs wide
attention in information and knowledge security. The increasing use of social media, the process of
knowledge management in contemporary organization is becoming less costly (Ilvonen et al., 2015).
Therefore, it is essential to understand the types of potential risks associated with the flow of information
and knowledge, which many organization lack. The risks associated with the social media based
knowledge environments are commonly neglected, which can act as a significant risk for the company.
This paper discusses knowledge as an intangible asset, which is created, shared and held by
people. Knowledge is valuable for a person who possess it. However, if used efficiently it can create
value to an organization. This can be done by sharing the knowledge among the employees for creating
innovative product, processes and services. Therefore, knowledge can be considered as a key asset to a
company and therefore proper security measures are essential to be implemented. Since the knowledge
can be considered as a dynamic asset, the knowledge is needed to be secured with dynamicity (Ilvonen et
al., 2015).
The knowledge security risks include privacy invasion, loss of control, online threats, image
damage, industrial espionage and weak privacy settings. These threats may result in loss of control of
knowledge that may incur an adverse effect in the organization.
Therefore, proper risk management strategy is needed to be implemented for proper security. The
risk management phases include asset or risk identification, risk analysis, risk reduction and monitoring
the risks. The paper discusses the KSRM process of risk management which includes different phases
such as identifying the business need and the problem, identification of knowledge, identifying the
vulnerabilities and the threat agents, identified risk analysis, cost benefit analysis, risk mitigation and
monitoring the risk (Ilvonen et al., 2015).
The field of knowledge security is relatively new and therefore, managing the knowledge security
risks can be a challenge. The KSRM model provides a proactive approach in securing the knowledge.
This model helps to evaluate the importance of knowledge in an organization and how it should be shared
among its employees.

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RESEARCH METHODS FOR COMPUTER SCIENCE
Reference
Ilvonen, I., Jussila, J., Kärkkäinen, H., & Päivärinta, T. (2015, January). Knowledge Security Risk
Management in Contemporary Companies--Toward a Proactive Approach. In System Sciences
(HICSS), 2015 48th Hawaii International Conference on (pp. 3941-3950). IEEE.