TrueCrypt
TrueCrypt is a discontinued source-available freeware utility used for on-the-fly encryption (OTFE). It can create a virtual encrypted disk within a file or encrypt a partition or (under Microsoft Windows except Windows 7/8 boot drive with GPT) the entire storage device (pre-boot authentication).
On 28 May 2014, the TrueCrypt website announced that the project was no longer maintained and recommended users to find alternative solutions.
Though development of TrueCrypt has ceased, an independent audit of TrueCrypt has concluded that no significant flaws are present.
Alternatives include two freeware projects based on the TrueCrypt code, VeraCrypt and CipherShed, as well as numerous commercial and open-source products.
History
TrueCrypt was initially released as version 1.0 in February 2004, based on E4M (Encryption for the Masses). Several versions and many additional minor releases have been made since then, with the most current version being 7.2.
E4M and SecurStar dispute
Original release of TrueCrypt was made by anonymous developers called "the TrueCrypt Team". Shortly after version 1.0 was released in 2004, the TrueCrypt Team reported receiving emails from Wilfried Hafner, manager of SecurStar, a computer security company. According to the TrueCrypt Team, Hafner claimed in the emails that the acknowledged author of E4M, developer Paul Le Roux, had stolen the source code from SecurStar as an employee. It was further stated that Le Roux illegally distributed E4M, and authored an illegal license permitting anyone to base derivative work on the code and distribute it freely. Hafner alleges all versions of E4M always belonged only to SecurStar, and Le Roux did not have any right to release it under such a license.