WiFi has several vulnerable protocols still in use for backward compatibility. There have been new updates made available for the WiFi implementations, but still they all can be exploited in some way.
Execution Method: The best WiFi setup you can have is WPA2-AES, its the most secure but not hacker-proof... you still need to be cautious making it secure enough.
So, go ahead and implement WPA2-AES standardized WiFi setup and then be cautious for what I mention ahead...
 Recent WiFi implementations uses WPA2 for network authentication, AES for data encryption, PEAP as EAP type to provide stronger security as opposed to older WiFi implementation. They are vulnerable to attacks if improper configurations have been done at the client side.
The correct configuration procedure is given below:
1. Open the Properties of your Wireless NIC.
2. From there open the properties of your Network.
3. Click on 'Wireless Networks' tab, and select properties of
4. Here, if 'Validate Server Certificate' checkbox is unchecked,
or 'Do not prompt users to..." is not checked in, then it's a
Privacy flaw making clients vulnerable to PEAP Attack.
 Using 'WiFish Finder', one can easily figure-out the networks being used by client and the encryption type configured for it.
Then, it can probe as a fake Network Provider and attack the client by tricking it to send authentication packets to it disguising as original network added to trusted network listing of client.
WPA2-AES PEAP, Pentoo, Airmon-ng, WiFish Finder
Not many practical attacks are available but still weak implementation could make WPA2-AES WiFi Network vulnerable.
The attack vector raised by WiFish-Finder is an under-rated possibility.