From Catherine Roseberry,
Your Guide to Mobile Office Technology.
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Definition: WEP stands for Wired Equivalent Privacy. This is a security protocol for Wi-Fi networks. WEP was designed to provide the same level of security that a wired network provides. It provides security by encrypting data over the radio waves.

Examples: In order to have a more secure Wi-Fi network connection, it's important to enter a WEP key to protect your data.