Knowledge Security Risk Management in Contemporary Companies

This report delves into the critical area of knowledge security risk management (KSRM) within the context of computer science and AI. It highlights the importance of securing organizational knowledge, especially in today's dynamic environment. The report emphasizes the need for proactive approaches to manage risks associated with information and knowledge sharing, particularly within social media-based environments. It discusses knowledge as a valuable asset and explores potential threats such as privacy invasion, online threats, and industrial espionage. The KSRM process, including risk identification, analysis, reduction, and monitoring, is examined. The report also introduces the KSRM model as a proactive approach, emphasizing the evaluation of knowledge importance and effective sharing among employees. Overall, the report provides a comprehensive overview of knowledge security risks and management strategies, offering valuable insights for students and professionals in the field of computer science.

Running head: RESEARCH METHODS FOR COMPUTER SCIENCE
Research Methods for Computer Science
Name of the Student
Name of the University
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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.