I have never heard of TrueCrypt, but this article helped explain it to me. It's similar to an encrypted .zip file, but the author of the article really loves it. It's secure, and it's a "TrueCrypt vault' - which is seen as a virtual drive. There were a lot of pros and cons to it, such as the TrueCrypt vault is set in its size, while a .zip file can expand and compress as needed for which files are in it. The author of this article brought out some good points for both TrueCrypt and .zip files.
http://www.pcworld.com/article/2016558/answer-line-truecrypt-vs-encrypted-zip-files.html
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