What's the best way of saving sensitive data to a local file in Windows 8? I'm developing a C# application that needs to store oAuth tokens/passwords. I've heard it was common in .NET to encrypt/decrypt data, but I don't have any experience with those mechanics. Is encryption still recommended/neccesary given that Windows 8 apps have their own personal/protected storage area similar to Windows Phone?
Also, doesn't encrypting/decrypting each time when you request the data causes a performance issue? (would it be better to write a custom/lite algorithm?)
UPDATE: Please be aware that while modern/metro apps are restricted from poking at each other's stuff, desktop applications will have unrestricted access to all data stored through these APIs. See http://www.hanselman.com/blog/SavingAndRetrievingBrowserAndOtherPasswords.aspx which includes code demonstrating this.
Win8 has a new API called PasswordVault that's designed for taking care of all these hard problems for you. Really easy to use, secure, and can be configured by users to roam between their machines so they only have to enter credentials once. I've successfully used this for OAuth tokens
Retrieving credentials (note the stupid exception that WinRT raises... they really should just return null):
Storing credentials:
Removing credentials (when the user clicks the logout button in your app):