Hey Kristjan,
Yes, there's a ready-made security check. Just enable update-signing in your wyBuild project. Then click "Generate new keys".
When you rebuild wyUpdate a new client.wyc and wyUpdate.exe will be output. The client.wyc contains the new "verification key". So when you build updates (and customers using that client.wyc file) will only be able to install updates that have been signed using your keys.
This goes without saying but if you're using update signing then you must have a backup of the update signing keys (in case you lose the project or your harddrive goes bad, etc.).
Tell me if this helps.