They use Blowfish. Says it all really - their default encryption is a long-obsolete 64-bit block cipher you might have picked in 1999 because it was faster than 3DES.
I can only assume they do this because migrating would cost them money, and being able to advertise "448 bit encryption" actually sounds like a plus to most people and not the glaring red flag it actually is.
> it seems like their software is still first rate
What, like their backup client that can't actually do restores? It's still all "log in to our website and let us decrypt your data for you" :/