I recently purchased a My Passport external drive for my Mac. It comes with software (WD SmartWare) that apparently encrypts the drive. Does anyone have an understanding of the level of security of this software and hardware? Is there an alternative with higher standards? I've heard of software such as TrueCrypt, but would that be appropriate for my hardware? Or is a cloud-based solution more secure for storing my data?
There is a discussion in SuperUser about the type of encryption WD SmartWare uses: https://superuser.com/questions/249112/does-wd-drive-lock-encrypt-the-data