If you manage to lose the password or plug it in wrong too many times, your data will likely be lost to the void forever without any way of recovery.
Recently, Facebook -owned WhatsApp has been on the hook for privacy and data tracking concerns. While the company is not backing down on the new policy, it is implementing new features which help with other concerns, such as cloud backups. At present, users can backup their conversations to the cloud, but they are not encrypted. This may be changing soon. Though we do not yet have an official announcement from WhatsApp, app beta-tester @WABetaInfo on Twitter has posted screenshots of the possible new feature for both Android and iOS.
