But like a gun or a knife it may give local criminals an opportunity to threaten (or worse) you into giving them money from your wallet.
People living in "bad neighborhoods" have to spend more energy and money on locks, fences, security cameras, self-policing as to not go out alone after dark, etc.
Problem is, Internet (and international phone system, to a lesser degree) makes everything so much closer, that scammers from half-way around the globe are "local" for all intents as purposes. Thus, online, every neighborhood is a "bad neighborhood".
This is like the exaggerated crime coverage on the local news.
I've lived in the so-called "bad internet neighborhood" for 30 years, and I'm fine. It's not so bad.