Excessive versions of outlook pst file backups

Welcome to the Community.

What happens if you update WD SmartWare to the latest 2.4.11.4 release? Do you still encounter the same issue?

http://community.wd.com/t5/WD-Software/New-Release-WD-SmartWare-for-Windows-Version-2-4-11-4-6-17-15/td-p/880086