Open-Source or FIPS-Validated Disk Encryption?
j_crane asks: "Our company is looking for disk encryption software that runs on Windows XP/2003 and Linux. There are hundreds of commercial disk encryption programs (most are Windows-only though). Some of them are FIPS-validated by the US NIST, but none of these are open-source. On the other hand, there is an excellent open-source on-the-fly disk encryption software, called TrueCrypt, for Windows and Linux (the program even provides plausible deniability), but it does not have a FIPS-validation. Which would you prefer -- open source or FIPS-validated -- and why?"
So I think that answers your question. But why? Because it's open source. I don't trust anything that isn't, and not everything that is... But it's highly used, which suggests that it's highly scrutinized.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"