But how do I create a new iTunes backup password without knowing the previous one?

In case anyone keeps track of such things, I'm among those folks who really doesn't recall ever being asked to create an iTunes backup password, but that's irrelevant to my question.

I'm not in any bind. I don't need my backup files to restore anything. I will shed no tears as they are moved to the Recycle Bin (indeed, I will gladly do the deed myself).

That said, it appears impossible to create a new backup password without knowing the previous one.

If the only "solution" is to wipe my iPhone's memory and start from scratch, I will be a sad camper.

Any help? Are backups to iCloud encrypted?

Cheers...