Good day to you!
McAfee is currently investigating this and it has been mentioned in the article below.
We suggest you open an SR for this so, we could have this checked and get back to you with an update.
I already got this KB article Ajay, I would like you to help me how on how to contain the folder size, it was there in the faq's earlier which has been removed KB86704.
The problem is that we would like to know how to reduce the folder size.
What I have learn from McAfee support, this folder creates if you have installed Endpoint Adaptive Protection and enable feature Adaptive Threat Protection -> Options -> Enable Enhance Remediation -> Monitor and Remediate deleted and changed Files.
This folder backs-up of your all data files, Incase if Ransomware encrypts your files, you can restore from here.
This is important feature, it is better to enable.