Vehicular networks are one of the main technologies that will be leveraged by the arrival of the future fifth generation (5G) mobile cellular networks. While scalability and latency are the major drawbacks of IEEE 802.11p and 4G LTE enabled vehicular communications, respectively, the 5G technology is a promising solution to empower the real-time services offered by vehicular networks. However, the security and privacy of such services in 5G enabled vehicular networks need to be addressed first. In this paper, we propose a novel system model for a 5G enabled vehicular network that facilitates a reliable, secure and privacy-aware real-time video reporting service. This service is designed for the participating vehicles to instantly report the videos of traffic accidents to guarantee a timely response from official and/or ambulance vehicles toward accidents. While it provides strong security and privacy guarantees for the participating vehicle’s identity and the video contents, the proposed service ensures traceability of misbehaving participants through a cooperation scheme among different authorities. We show the feasibility and the fulfilment of the proposed reporting service in 5G enabled vehicular networks in terms of security, privacy and efficiency.