This is only my opinion, of course, but I have a wad of parent experience under my belt (lol), and a deep love and respect for my military veteran dad who taught me to be aware but not scared. The answer is 'no'. This isn't true forever, but for now your kids need you to be a parent more than a friend. You'll find a way to caution without making your kid fearful, I know that just from the tone of your posts. There are more dangers now, no doubt about it, but we also suffer from too much information. Our parents had the luxury of just being cautious of local events--pre-CNN it had to be a HUGE event to make news across the country, right? Now we're bombarded with 'information' that is more often 'infotainment', stuff that in no way is relevant to our lives and is just there so we can collectively look at other people's proverbial car crashes. It's made us more cautious, but perhaps more fearful than our actual lives warrant. Think if it this way: when was the last time there was a notable crime in your area that did not involve direct family members or friends/acquaintances hurting each other? Okay, so subtract those from the 'fearfulness equation'--unless you have a friend' acquaintance/family member with grudge, those don't affect you. Now look at what's left. THOSE are the things you need to make sure your kids is aware of (as well as a general awareness of his surroundings). Maybe it's drug trade, maybe it's gangs, maybe it's a busy street--I don't know where you live, but you do. Do your best to teach your kid how to handle those situations and himself in general, have reasonable limits and set costs for pushing past those limits, and don't be afraid to make him mad. Believe me, he'll likely spend years 13-17 mad a lot of the time. They get over it. Later, when you are not responsible for him any more (not like you'll EVER get over feeling responsible), you can be friends. At that point, you will have done the best you can to raise a decent human being--one who takes responsibility for his own life and actions, and isn't afraid of living in the world.
You'll do it, Ghost, and he'll thank you. It might take a while, but he will learn how lucky he was to have a dad who cared enough to make him a man.
Now I'll get off my soapbox--lol