Watch the below NBC news video for more info on the dangers of using certain file sharing programs. When NBC did their own search, they easily found access to over 150,000 tax returns, nearly 26,000 student loan applications and more than 600,000 credit reports stored on unsuspecting consumer computers. NBC also noted that sites such as YouTube, iTunes and personal photo sharing websites are not file sharing programs. But, the most popular file sharing program, Lime Wire is and now urges consumers to download their latest 5.0 program, that now restricts access to personal files. Identity theft protection experts liken having those file sharing software programs on your computer to leaving the keys in an unlocked car ... with the windows down.
As for the programs kids use to download and share music, you might want to consider disabling or deleting them --or at the least, make sure they are not using file sharing programs on a computer that contains your family's personal identifying information.
If the app is set for download only, are you still vulnerable?
Yes, because of other potential holes within the application, your firewall and the software on your PC.
File Sharing applications are inherently insecure. This is why Obama's Marine One Helicopter Plans were found in Tehran, Iran on Sunday. You can read about it here.