from c|net, by Declan McCullagh...
Computer scientists have discovered a novel way to bypass the encryption used in programs like Microsoft's BitLocker and Apple's FileVault and then view the contents of supposedly secure files.
In a paper (PDF) published Thursday that could prompt a rethinking of how to protect sensitive data, the researchers describe how they can extract the contents of a computer's memory and discover the secret encryption key used to scramble files. (I tested these claims by giving them a MacBook with FileVault; here's a slideshow.)
"There seems to be no easy remedy for these vulnerabilities," the researchers say...
Their technique doesn't attack the encryption directly. Rather, it relies on gaining access to the contents of a computer's RAM--through a mechanism as simple as booting a laptop over a network or from a USB drive--and then scanning for encryption keys. How the scan is done is one of the most clever portions of the paper. (more)