Microsoft Private Folder 1.0
Good news for you, home users, bad one for us, system administrators: Microsoft just released an add-on to XP that will allow users to save their files in a new, secure location named "My Private Folder".
Microsoft Private Folder 1.0 is a useful tool for you to protect your private data when your friends, colleagues, kids or other people share your PC or account. With this tool, you will get one password protected folder called 'My Private Folder' in your account to save your personal files. Download and have your private folder today!
Thanks Microsoft, You guys just provided the perfect way for malicious people to hide stuff from their boss. Can you imagine all the trouble that this add-on will bring to companies who give local administrative privileges to their users? Yes, I know, in a perfect world, employees should not be able to install anything on their computer because they only have limited access to it, but the reality is altogether different, especially in SMBs.
Personally, I know of a few people who will want to have this installed on their laptop, which brings me to ask myself a very important question: What happens if someone loses his "private" folder password? Are there any ways to recover it? No documentation has been released about the product yet, so I don't have any ideas. A quick search on google didn't return any results eighter. Shame on you Microsoft.
If you want give the add-on a try, you can download it from this location.
edit 17/07/06 : Microsoft removed the add-on from their site. Click here for more details.