In the article, author describes a subject associated with the analysis of the risk value in a distributed production environment. Main extent of refl ections focuses on information fl ows, as a specifi c source of risk factors (threats) for the information (and not only) safety of the production company, operating in a distributed environment (networking). Th ere are primarily the following issues discussed: identifi cation of hazards in a distributed structure (taking the strategy of vertical and horizontal integration into an account). Th is characterizes the specifi city of information fl ows and mechanisms of the knowledge management in a networking environment, assumptions of risk modeling (including Monte Carlo simulation), and the meaning of operational and historical data resources in knowledge creation processes (about the level of risk), described. Th e article is concluded by a presentation of four models of risk management in a distributed environment, based on three variables: the probability of an existence of a threat (P), the value of potential losses (L), and the number of risk factors (RF) in the ambient of a distributed production system. Presented models show changes in the value of risk (R) – as derivatives of changes of values of these parameters. Th us, they constitute the analytical and decision-making database for activities undertaken by managers at all levels of management.