I suspect this is a simple query with a simple answer. Maybe not.

With dialup/DSL Internet access security of one's computer and contents seems to be satisfactorily looked after by activating my Mac's firewall and Stealth Mode.

With router/WiFi access security is supposedly assured via the router with a password + its supposedly built-in firewall and it is recommended that the Mac's firewall (and also Stealth Mode?) be turned off. This does not sound like a good idea to me. What say assembled Mac users?

Beyond that, how does one assure security with WiFi hotspots (public or otherwise), even those which are passworded. I'd be extremely reluctant to do business, particularly financial business, under such conditions. What protections are out there if one is forced into such a scenario?