@Matt Ray Sorry for the delayed response!
Activity Logs should contain information on user triggered operations like deletion of backup data. The logs are created by default in activity logs. If you want alerts on top of activity log, then you will need to write some alert rule.
Reference links:
https://github.com/MicrosoftDocs/azure-docs/blob/master/articles/backup/backup-azure-monitoring-use-azuremonitor.md
https://azure.microsoft.com/en-in/blog/monitor-all-azure-backup-protected-workloads-using-log-analytics/
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