Hi Akhtar,
Their are some third party tool which you can use to compress and encrypt your database backup files, also you can password protect your backup files. Apart from this what you can do is, always keep your db backup files in protected folder and maintain proper authentication so that only those who really need to have access can access backup files.
Hemantgiri S. Goswami | MS SQL Server MVP
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"Humans don't have Caliber to PASS TIME , Time it self Pass or Fail Humans" - by Hemantgiri S. Goswami
http://hemantgirisgoswami.blogspot.com
http://forums.surat-user-group.org/

Disclaimer: This post is provided as is, for the sake of knowledge sharing only.