quicken's encryption

After years of using Quicken I was reading a book on Q 2011 and saw that when Q backs up it apparently "encrypts" the backup file.
I usually keep my Q data files in a TruCrypt encrypted volume which I
know is secure so this made me wonder how good Quicken's own encryption was. Does anyone know what encryption method Q uses and if it is easily broken into?
Jeff
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On 2/8/2011 6:39 PM, snipped-for-privacy@nospam.invalid wrote:

I've never had a need to look into this for Quicken, but I HAVE on one occasion needed to break into QuickBooks for a client who had lost the password and couldn't get into their own system. It was disturbingly easy to locate a tool on the Internet to simply reset the QuickBooks password (if I remember correctly...it's been a while and I don't recall the details). There's probably such a tool out there for Quicken too, which is one of the many reasons why I also use Truecrypt. So, if the password can be easily reset, how well the file is encrypted may be a moot point.
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I don't think that is true ... as stated. Quicken's regular data file is encrypted; I don't think there is any added encryption for Quicken backups. I believe Quicken backups are exact copies of the fileset being backed up.
Starting with Q2008 R2, Quicken data files have had 2048 bit encryption.
I'll leave it to the security gurus to tell you how safe that should make you feel.
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John Pollard
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On 2/8/11 9:23 PM, John Pollard wrote:

Thanks. I was just curious. Will continue to depend on TrueCrypt.
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wrote:

'What the encryption algorithm is' is less important than 'how easy it is to guess, find or reset the password'.
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If I had to bet, I guess the "encryption" is simply LZW compression. Years ago even Microsoft found that files such as PowerPoint were too slow to load and too big to store, so they they started using LZW compression. Of course a password can be associated with the compression and I suspect that is how they separate data files on a per-year basis.
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responding to http://www.beansmart.com/quicken/quicken-s-encryption-36157-.htm Jameslary wrote:
I think Quicken 2011's interface has been retooled so it behaves the way you'd expect it to. There's a new cash-flow tracking feature that lets you see how much cash will be in your accounts as Quicken forecasts the timing of your income and expenses.
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On 2/8/2011 11:14 PM, Jameslary wrote:

Huh?
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On Wed, 09 Feb 2011 06:14:55 +0000, snipped-for-privacy@gmail.com (Jameslary) wrote:

That "new" cash flow feature is not really "new" at all.
A few years back, that feature was in Quicken, but Intuit removed it.
It only took five or six years of customer complaints before Intuit put the feature back.
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