Setup SFTP Backups

Dear Reader,

I have been trying to add our remote SFTP Storage as a Backup destination for CyberPanel. Unfortunately I get the following error whilst trying to connect the destination in CyberPanel.

Can someone please help us figure out what is going wrong? I would really like to maintain and create backups of the websites hosted on our CyberPanel server.

Host (our remote backup host) found: line 4

/root/.ssh/known_hosts updated.
Original contents retained as /root/.ssh/known_hosts.old
Wrong Password!