Yes, the backup data is encrypted before, during, and after transit, and remains encrypted in the vault until restored.
Does the macOS backup software encrypt the data?
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About the Author: Ryan @WholesaleBackup
My name is Ryan, and I am a software engineer at WholesaleBackup - a software development company with global partnerships that delivers cloud-based & self-hosted backup software in a reliable, secure, and simple way to Resellers, MSPs, VARs, and IT Pros for running their backup businesses. Let me know your thoughts on Twitter @wholesalebackup it helps me focus my future writings.