A new version of TrueCrypt has been released! TrueCrypt is open source software that allows you to safely encrypt and protect your most important collections of ones and zeroes. The new version has two main new features - improved performance on multi-core/processor machines and the ability to encrypt and run an entire hidden operating system. You can nab the Windows version locally from AusGamers.

wow thats nifty. How does it work and can the encryption be cracked?

There's a variety of encryption options, afaik all of which are open source and well understood to be pretty secure.

It's probably as safe as you can get!

make sure you keep an unencrypted backup of your data somewhere easy to find in case you forget your password.

haha yeah, took me aaages to remember my pass phrase once and was shocked and relieved when it finally worked

maybe keep your pass phrase in password safe and make sure you don't forget your password safe pass phrase

and then, keep your pass phrase for password safe, somewhere safe

Parallelized encryption/decryption on multi-core processors (or multi-processor systems). Increase in encryption/decryption speed is directly proportional to the number of cores and/or processors.

Yay!

FYI - The installer disables Windows paging by default (wtf!)

Was wondering why I was getting out of memory errors....

take note of the vendor response and disclosure timeline - if true, not particularly encouraging given the nature of the software

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- -----------------------------------------------------------------------
[ iViZ Security Advisory 08-003 25/08/2008 ]
- -----------------------------------------------------------------------
iViZ Techno Solutions Pvt. Ltd.
http://www.ivizsecurity.com
- -----------------------------------------------------------------------

* Title: TrueCrypt Security Model bypass exploiting wrong BIOS API
usage
* Date: 25/08/2008
* Software: TrueCrypt

- --[ Synopsis:

The password checking routine of TrueCrypt fails to sanitize the
BIOS keyboard buffer before AND after reading passwords.

- --[ Affected Software:

* TrueCrypt 5.0 (possibly older versions also)

- --[ Technical description:

Truecrypt's pre-boot authentication routines use the BIOS API to
read user input via the keyboard. The BIOS internally copies the
keystrokes in a RAM structure called the BIOS Keyboard buffer
inside the BIOS Data Area. This buffer is not flushed after use,
resulting in potential plain text password leakage once the OS
is fully booted, assuming the attacker can read the password at
physical memory location 0x40:0x1e. It is also possible for a root
user to reboot the computer by instrumenting the BIOS keyboard
buffer in spite of the full disk encryption.


- --[ Impact:

1) Plain text password disclosure.
Required privileges to perform this operation are OS dependent,
from unprivileged users under Windows (any), to root under most
Unix.

2) A privileged attacker able to write to the MBR and knowing the
password (for instance thanks to 1), is able to reboot the computer
in spite of the password prompted at boot time (and in spite of
disk encryption) by initializing the BIOS keyboard buffer with the
correct password (using an intermediary bootloader that will in turn
run TrueCrypt).

- --[ Full Technical Whitepaper

http://www.ivizsecurity.com/research/preboot/preboot_whitepaper.pdf

- --[ Vendor response:

* Vendor denies the vulnerability
* Fixed in updated versions

- --[ Credits:

This vulnerability was discovered by Security Researcher
Jonathan Brossard from iViZ Techno Solutions Pvt. Ltd.

- --[ Disclosure timeline:

* First private disclosure to vendor on July 29th 2008
* First vendor reply on July 29th 2008, denying the
vulnerability.
* First Public disclosure at Defcon 16 on August 10th 2008

- --[ Reference:

http://www.ivizsecurity.com/security-advisory.html
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is this AFP proof?