Does this internet option invite hackers to connect?

todorarvov

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I'm trying to connect my xbox to the internet through my wireless laptop. Can someone tell me if these necessary options will render my internet open to intruders?

#5 Click on Network Connection, (has a picture of a cable plugged into the globe).
#6 Find the wireless connection you are currently using, right click, and go to properties(usually the last option when you right-click).
# 7Go to the advanced tab and where it says Internet Connection Sharing click the first option, allow other network users to connect through this computers internet connection. Then click OK.

Will step #7 allow people to connect to my internet? Keep in mind that my internet does have a password.
 
I think I kept that option turned off with fear that people could.
 
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