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You can treat Lockers just as you would treat them in physical world. Each user can have their own Lockers. However, a single user can create multiple Lockers with different passwords as well. With Folder Lock, you can choose either to encrypt using 256-bit AES on-the-fly encryption or lock files, folders and drives anywhere on your computer. Each Locker can contain your encrypted files as well as your personal list of locked items.
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Download Folder Lock 6.1.3