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I think it is the same to encrypt files saved on Google Drive as on computer disks. You can open the file if a Word document, then click File > Information > Encrypt with Password. Then you type a password and do the confirmation. Next time you want to open this encrypted file, type in your password. You can view other methods to encrypt files or folders here http://blog.doofix.com/how-to-encrypt-files-or-folders-on-windows/
Hope this helps!
Hi, I personally have this problem which I solved it myself.
I created a program which works with GPG4Win, and encrypt all my files with my PGP Key.
It is a 1 way sync + encrypt from my data folder to Skydrive folder (local), then Skydrive will sync to the SkyDrive Cloud. The best part is that this program does not store your PGP key, or any cloud account password.
Feel free to drop a visit @ http://successreality.blogspot.sg/2013/10/encrypt-sync-4-cloud.html
We are proud to announce Armor: Encryption for Google Drive, on Google Drive.
Innovode Armor protects files stored in Google Drive without compromising usability.
Integrated into Drive, select and encrypt any file.
Click on the encrypted file, and use/edit it. Changes are encrypted.
Offering AES-256 encryption and password protection, anyone putting sensitive files on drive should seriously consider Armor. Available for free trial.
I have been using this for a while and it's awesome. No need for desktop installation, it's all in the cloud, in Google Drive. Can edit the armored files too.
It listed on the Chrome store here https://chrome.google.com/webstore/detail/innovode-armor/fcdmjijhnnfoaindjgjndlhoolmhdehi?hl=en&gl=GB