It is already known that Wired Equivalent Privacy (WEP) used to secure a Wireless Network is insecure. Back then, the recommendation was to use the more secure Wi-Fi Protected Access (WPA).
Not long ago, German researchers have found an exploitable hole in WPA that would allow a hacker to "send bogus data to an unsuspecting WiFi client", that uses Temporary Key Integrity Protocol (TKIP), completely compromising your Wi-Fi security and opening your network to all sorts of hacking.
To guard your Wi-Fi, use WPA2 instead since it is still not cracked. Alternatively, you can switch off TKIP as an encryption mode, and use Advanced Encryption System (AES) only.
Battered, but not broken: understanding the WPA crack [via]
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