This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Parents Are Panicked Over Kids' ID Theft (Teens, Not So Much)

NEW YORK ( TheStreet) -- At first glance, it seems parents and teenagers are aware of the dangers of revealing too much personal information online, including on popular social media sites such as Facebook (FB) and Twitter.

A November study by the Pew Foundation shows that 72% of parents are "concerned" about how their teenager interacts with people online, and 53% of parents are "very concerned" their teens share too much information online with people they don't know.

While parents may be getting the message, their kids are seemingly tone deaf to the very real threats coming from identity fraud and data theft. LifeLock (LOCK), a Tempe, Ariz., identity theft protection business, surveyed 700 U.S. teens and found 75% of teens online were sharing some information that made themselves vulnerable to online crime. Some of the ways:

Yet if you ask the average American 16-year-old, he or she would say they are in no danger of I.D. theft, and that the problem really lies in their friends' behavior. According to LifeLock, only 11% of teens surveyed admit being too lackadaisical about protecting their online identity, while 46% say their peers share too much personal data online.

LifeLock says it's up to parents to step up and take control.

"With 75% of teenagers including some type of personal information on their social media profiles, it's clear that they don't understand the potential danger of oversharing," says Hilary Schneider, president of LifeLock. "As parents we need to engage in regular conversations with our teens about online behavior and set boundaries."

Parents need to sit their kids down and have a candid discussion on how identity theft can damage their financial lives, especially the theft of Social Security numbers that I.D. fraudsters use to open a credit card in their child's name. That can lead to rampant financial abuse, wrecking a teen's credit rating -- before they get a chance to.

Parents also need to warn their teens about sharing content online (including racy images and inappropriate dialogue) that could be seen by potential employers in a few years.

"With identity theft and other crimes increasingly aimed at teens, the time for parents and educators to take action is now," said Schneider, a parent with teenagers at home herself. "We can no longer avoid the problem. It's only likely to worsen in the months ahead."

LifeLock offers a useful tutorial on the dangers of identity theft for U.S. families here.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $132.54 0.00%
FB $80.54 0.00%
GOOG $540.11 0.00%
TSLA $247.73 0.00%
YHOO $43.48 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs