Disk inserted not readable by this computer

I “was” also having this problem and discovered that my problem was that I had ‘locked’ my drive

the cue to me was

afterwhich I went to the system preferences and was able to see the VCD ( VCD  stands for 'Video Compact Disc in this case my WD Passport), and then followed the intsructions to unlock my Passport at which time it reappeared in the finder.

My take away? When locking, encrypting, hiding etc. remember I did so and know how to rediscover it when I want to.

Hope this may be of some service.