If a person gains access to your network, they can probe locally for other nodes. This can include printers, vulnerable shares, or anything else they
can find and exploit.
If someone gains unauthorized access to your network and then does any of those activities, it will trace back to your network. Local ip addresses
used by the router won't be visible from the outside (usually). Whether or not you are held accountable depends on laws in your area.
Wireless networks are more vulnerable in some sense because you don't have control over the transmission medium as you would with a wired connection.
The setup depends on how secure using a wireless set up will be.
Some quick general tips:
Use WPA or WPA2 with a strong randomly generated key. I personally use one that is about 62 characters long with letters, numbers and symbols. Avoid
using WEP, because it is really trivial to crack using techniques to generate abnormal amounts of IVs.
Even though mac addresses can be changed/spoofed, use mac filtering anyway.
Disable SSID broadcasting.
Don't allow remote administration.
Set up the router's firewall (and IDS if it comes with one).
Any shares or services you set up for your local network secure them accordingly.
Also if you're well within the range your router is capable of, reducing transmitter power can help. Also, to keep performance at a more acceptable
level, it helps to change to a less crowded channel.
There are a lot of guides out there, but I typically just do the steps above. It'll make you less of a target than your most likely unsecured or less
secured neighbors.
[edit on 17-9-2008 by Kluge]