Continuous surfing the Internet has become one of the students' lifestyle markers. Some modern researchers argue that as a result of long and regular Internet networking, young people sooner or later begin to experience psychological challenges. The analysis of international and Russian psychological studies on the issue of Internet communication has made it possible to identify the main personal challenges young people may deal with. The paper presents the results of an empirical study of psychological challenges facing by young people who resort to Internet communication. The study involved young people aged 18 to 22 years old, taking advantage of the Internet communication, 45 people in total. All of the subjects are students of various Russian universities. The empirical study has been conducted in the virtual interaction mode. The general hypothesis maintains that, taking into account the exponential growth of information in general, the Internet as a modern communication environment contributes to the emergence of psychological challenges at youth, in particular: manifesting negative emotional states (experiencing depression); reducing the level of self-confidence and self-esteem; generating uncertainty; and exhibiting symptoms of Internet addiction and formation of obsessive need to virtual communication. The study has showed that, representing a huge communication zone for people, the Internet has its pros and cons. Using various possibilities of the worldwide network leads to structural and functional changes in the mental activity of an individual.