I use VeraCrypt to create a encrypted hard drive.  That way, if I lose the drive, the lucky finder won’t be able to read the data.

The steps are as follows:

1. Using DiskPart and Clean the drive
2. Start VeraCrypt and select the VeraCrypt Volume Creation Wizard
3. Encrypt a non-system partition/drive
4. Standard VeraCrypt volume
5. Select the external hard drive
6. Create encrypted volume and format it
7. Select the default encryption options
8. Volume size is the entire drive
9. Select the NTFS Filesystem AND the “Quick Format” option
10. Click format

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