Yes. It seems to functions as Keyscrambler. This freeware version does only encryption of keystrokes so your not protected against screenloggers and the like. The paid version is still the best bet. About the free license, I have been trying to get one for a long time but still unlucky so I use my old Keyscrambler Pro. Still there's someone depending on his/her preference and setup (this freeware) might be enough/usefull.