Hello Pashers,
Turecrypt is a good open source encryption product for the public domain to encrypt your CV or some personal information for personal use. However, it is not considered safe for sensitive government (including schools) or corporate data. By the very definition of Truecrypt is ”Free open-source disk encryption software for Windows 7/Vista/XP, Mac OS X, and Linux". Which means that hackers have direct access to the Hash Algorithms that encode and encrypt the data, meaning they can with ease decrypt the data? Here is a thought to ponder on, if you supply users with encrypted USB sticks to use you wouldn’t expect them, to write their passwords on the sticks. So we would not recommend an open source product to encrypt your data.
Craig