If the backup target is a network share, what permissions are required for the backup user account to avoid the 'status_wait_3' error?

The user account running the backup needs 'Read', 'Write', and 'Modify' permissions on the target network share, as well as 'Full Control' on the specific folder where the backup files will be stored. Insufficient permissions can lead to the backup process timing out while trying to write data, resulting in the 'status_wait_3' error. Ensure the user account is also part of the local 'Backup Operators' group on the machine being backed up.