I could see my_file.exe.backup file in the same directory where my original binary file is located. Would it be rather safe to store backups there?
The backup copy of the original executable file is created for the safety reasons and is optional. For instance, if you forget the password you were using to protect this file you may easily restore it from backup. Indeed, other users may copy it and use (in case they know what they are doing). We advise you to move these backup files to different location or save them on CD/DVD disks.