After nearly a year of drama, the widely-used encryption software TrueCrypt has come out from its security audit with a mostly clean bill of health.

TrueCrypt has long been a popular way to encrypt computer files. It allows users to create virtual encrypted disks, into which users can drop any files they want and lock them all down with password protection. But revelations about government surveillance—largely brought about by Edward Snowden in 2013—led to concerns about whether the software was truly secure.

To audit TrueCrypt’s 70,000 lines of code, a group called the Open Crypto Alliance Project raised more than $70,000 through crowdfunding. And last April, the first phase of that audit turned up no major issues.

In May, however, the developers of TrueCrypt abruptly abandoned the software, and encouraged users to adopt alternatives such as BitLocker. For months, it was unclear whether the audit project would continue, though it finally got back on track in February.

Phase two of the audit is now complete. “The TL;DR is that based on this audit, TrueCrypt appears to be a relatively well-designed piece of crypto software,” cryptographer Matthew Green wrote in a blog post. “The NCC audit found no evidence of deliberate backdoors, or any severe design flaws that will make the software insecure in most instances.”

Read the Full Article: Source – PC World
http://www.pcworld.com/article/2905995/truecrypt-audit-shows-no-sign-of-nsa-backdoors-just-some-minor-glitches.html

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