Adorama offers the Western Digital 2TB My Book Essential USB 3.0 External Hard Drive, model no. WDBACW0020HBK-NESN, for $94.95 with free shipping ($0.05/GB). That's $15 under our October mention and the lowest total price we could find by $5. It features password protection with hardware encryption.

Note that this item is currently backordered, but can still be ordered at this price for delivery when available.