A few weeks back I wrote an update on the Truecrypt audit promising that we’d have some concrete results to show you soon. Thanks to some hard work by the NCC Crypto Services group, soon is now. We’re grateful to Alex, Sean and Tom, and to Kenn White at OCAP for making this all happen.
You can find the full report over at the Open Crypto Audit Project website. Those who want to read it themselves should do so. This post will only give a brief summary.
The TL;DR is that based on this audit, Truecrypt appears to be a relatively well-designed piece of crypto software. The NCC audit found no evidence of deliberate backdoors, or any severe design flaws that will make the software insecure in most instances.