This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs