toTo delete the backups, go to iTunes>Preferences>Devices. All iPhone backups will be listed here. Highlight them, then hit Delete.
But if you're using a Mac, I would first try to see if you can find the password within your Keychain (from keychain access appdiscussions.apple.com, here's a link that could help out. I have not tried so I don't know if it works, but give it a try. Good luck!):
- Go to the "keychain access " app.
- Under "Keychains" select "Login"
- Under "Category" select "Passwords"
- Scroll down and look for "iPhone Backup"
- Double click and a window opens
- Check the box that says "Show Password"
- A window pops up asking for your OS X account password
- Type in that password and voila!