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Hello Rob!
Glad we could help you out.
For the theft scenario, nothing really has changed security-wise between AxCrypt 1 and 2, since it’s unlikely (I h0pe) that someone would actually steal your computer with you being fully logged in to Windows. And, even in AxCrypt 1, there was a check box to remember the password and then it would stay remembered until you signed off, not just a screen saver went active or so. So in that situation, AxCrypt 2 is actually better than 1.
Svante