USB Safeguard

Product: USB Safeguard v1.1
Website: http://usbsafeguard.altervista.org
Type: Free
Requirements: Windows XP/Vista/7

USB Safeguard is software to encrypt and protect data with a password on your removable pen drives using the AES 256 bits encryption. 

Simply drag and drop files and folders to quickly protect your sensitive documents, and then enter an password to encrypt and decrypt the files that you want to protect from prying eyes.

Not only encrypts your files, it also has ´Safe Internet Browsing´ option to surf safe on web and removes all Internet traces like URL history, typed URLs, typed passwords in web forms and etc. Built in file shredder - i.e. wiping the contents of the original pre-encrypted file - and more.