There is however a direct way to rename those icons – and many more – by using the Windows Registry instead with the added advantage that you do not have to run another software on the system.

To rename the system icons start the Windows Registry editor with [Windows R], typing regedit and hitting enter. The Registry path in question is HKEY_CURRENT_USER \Software \Microsoft \Windows \ShellNoRoam \MUICache.

You find many entries under that Registry path and need to scroll down a bit until you find the desired names. The Data column lists the current name of the entry.

To change an entry simply double-click it and change the Value Data to something else. Changes take effect after rebooting, logging off / on or killing explorer.exe.