If you are concerned about iPad warnings concerning weak security, or other elements of your WiFi setup, your WiFi network may benefit from update in either settings or improved hardware...
Your iPad and iPhone are no less secure today than they were prior to the update to iOS/iPadOS14/15. However, your devices are now better able to [warn] bring to your attention security deficiencies of your WiFi network and iPad settings.
This support page will describe the more secure (recommended) settings for WiFi:
Recommended settings for Wi-Fi routers and access points – Apple Support
It is possible that your WiFi Router is too old to be (or not capable of being) configured for more secure settings. As such, you can either configure the most secure settings that your Router will support - or replace your Router with something more advanced that provides better security configuration options.
Whilst WPA3 is the newest standard, you should aim to use WPA2 (AES-PSK) as a minimum; WPA2, whilst not the most recent security standard, it is perfectly secure.
Some Routers, however, seemingly continue to support the insecure/deprecated TKIP standards - even when apparently configured for WPA2 operation; TKIP will definitely cause a security warning to appear. Be aware that if you are using a WiFi network extender, these may continue to use weaker security standards - and continue to trigger a warning.
There is a also new privacy feature introduced within iOS/iPadOS14 that hides your physical MAC Address - and instead uses a randomly selected Private MAC Address. This feature can be enabled/disabled on your iPhone/iPad for each configured WiFi Network. This feature also has bearing upon the appearance of the Weak Security notifications.
More information about this new feature can be found here:
Use private Wi-Fi addresses in iOS 14, iPadOS 14 and watchOS 7 – Apple Support
If you are unable to employ more secure security settings on your WiFi network, you might consider replacement of your WiFi network equipment, such as your WiFi Router, with more advanced equipment. However, if the router is provided by your ISP, this may not be practical proposition. A potentially cheaper and more flexible approach might be to add an additional upstream WiFi Router, of WiFi Access Point (AP) that meets the required standards.
Be aware that older Apple devices, with earlier versions of iOS, may not support WPA3. For continued use of these devices, you will have to continue use of WPA2. As with most systems, if legacy support is needed, you can only use the highest common denominator supported by all devices that you wish to use.
I hope this information provides some helpful insight into the security features of your WiFi devices - and ways to resolve the WiFi Security warnings that you might observe.
