Did a little digging into Folder Guard and, to me, not a really great/secure product. But can emulate in MacOS.
Get the feeling that Folder Guard is just a database and frontend to basic Window commands. Specifically, the attrib command that changes/sets attributes on objects. The passwords are there to prevent Average Joes from doing anything, but anyone that knows their way around or knows the name of the folder, easy to get to.
Reference article for the attrib command that displays, sets, or removes attributes assigned to files or directories.
docs.microsoft.com
+s and +h options to hide and block changes.
On Mac, it's chflags.
ss64.com
hidden and uunlnk to hide and prevent deletion.
Great example for the hidden flag is the Library folder in the user account. By default, not visible in Finder, but can get to it no problem by using a Terminal or Goto Folder in Finder and typing in the pathname.
There might be a program in the App Store that works like Folder Guard, worth a search. But a more secure way of going about this, as mentioned, encrypted disk image with a script to mount/open it and another to unmount/close where the scripts handle the chflags specifics.
But all this is a bit overkill imo. If an M processor Mac, all files are encrypted, so protected at rest. If you turn on File Vault, can't boot the Mac or get to files until the user password is entered. Backup your files using an encrypted Time Machine backup, files are backed up and encrypted and recoverable if deleted by mistake on the Mac. Or Carbon Copy Cloner is another option for encrypted backups.
Or an encrypted external that you can plug in/out as need be.
ADD: forgot to mention that Folder Guard does not encrypt anything. Just a front end to access control list, protection groups, etc. Quote:
Folder Guard protects your files without encrypting them.
There is no risk of losing your documents if you lose your encryption key: with Folder Guard all your files remain intact, without modification of any kind.