Comment by LMMojo

Yes, they can. Evernote, the company, really pushes their "everything is encrypted" mantra, but you have to really push them to get them to admit that it's only encrypted in transit. On their server storage, the data is encrypted using their key, so if someone stole a drive or a disk image they wouldn't be able to read it, but any number of people at Evernote would have full access to anyone's data.