frankrizzo604@gmail.com wrote:
> They boast how excellent their encryption and how uncrackable they are.


If your findings are true, it is utterly insecure. Worse than what you
found.

Can someone confirm this vulnerability?

> Simply mount anyones .SLE file encrypted drive into the software and it
> will ask you for their password but won't let you in because it's
> encrypted.


If your findings are true, it is not encrypted, bute merely
access-controlled by the Steganos Software.

If it were encrypted - in the sense of "encrypted with the passphrase, so
unuseable without that" - the program would simply be unable to do something
like:

> [update detects fake key and]
> after the update and it will now PUNISH you by resetting your
> encrypted drives passwords to "123" until you buy a registered copy.


This should be impossible, if the passphrase would play a role in the
encryption.

> Stores passwords in clear text.


Yes - the key must be retrievable in some way, if the password can be
changed without knowledge of the prior password.


Kind regards,

Andreas Beck

--
Andreas Beck
http://www.bedatec.de/