Ultrasound has been proposed as out-of-band channel for authentication of peer devices in wireless ad hoc networks. Ultrasound can implicitly contribute to secure communication based on inherent limitations in signal propagation, and can additionally be used explicitly by peers to measure and verify their relative positions. In this paper we analyse potential attacks on an ultrasonic communication channel and peer-to-peer ultrasonic sensing, and investigate how potential attacks translate to application-level threats for peers seeking to establish a secure wireless link. Based on our analysis we propose a novel method for authentic communication of short messages over an ultrasonic channel.