I store a lot of stuff in Truecrypt volumes so this is particularly troubling. Cory Doctorow:
The response to the Truecrypt news is mostly frank bafflement. The software is licensed under an obscure “open source” license that makes it unclear whether third parties can support the now (apparently) orphaned codebase.
No one really knows how secure the software was, but a security audit had recently been funded and was getting set to start. Then, boom, the software developers kill the software and claim: “Using TrueCrypt is not secure as it may contain unfixed security issues.”
Ominous to say the least.
For now I guess I will use OS X encrypted images. Man, what a bummer.