Yes, it is possible. You can recompile your media to a custom format.
If you are using Tier2 like you said, there should be a lib for that anywhere

Tier2 should easily solve your problem

Search for a function library, that can decompress password protected zip files. Once the media files are loaded, delete it from the sandbox directory. This should be the easiest way.
( To create a complete answer: )
Tier1 is a little harder.
Images could be saved as memblock information files (imagetomemblock(?), opentowrite) will do the stuff. Memblock images files will be very big, because they are not compressed (If you want smaller files, you have to write your own compressor)
Obj files could be manipulated and saved.
I have no clue, how to do this with sounds/music or videos.