Time to alert the parents:

MySpace owners are now stepping up their efforts to help parents protect what their kids are doing online. On top of new restrictions on adult users contacting younger users, and tools to identify sex offenders, MySpace is now giving parents more access to their childrens profiles.MySpace Helps Parents Protect Kids (WVLT-TV Knoxville)

Online networking site MySpace has crafted a tool that will help parents get a better sense of what their children are posting on their profile pages.MySpace Pumps Up Parental Controls (NewsFactor via Yahoo! News)

Online hangout MySpace will let parents see some of what their children post online.Tool To Help Parents Monitor MySpace Profiles (NBC 5 Chicago)

The families of five teenaged girls who were sexually assaulted by predators they met on MySpace, the popular Internet social network, have sued owner News Corp. for negligence and fraud, lawyers for the families said.Teens’ families sue MySpace for negligence: lawyers (Reuters via Yahoo! News)

SAN FRANCISCO, CA, USA — MySpace defended itself Thursday against new lawsuits charging that it had failed to protect five girls from being lured into sex traps by predators on the popular teen social Web site.MySpace sued over sex traps (Middle East Times)