This document proposes a scheme that combines watermarking and encryption to protect multispectral images. It uses a wavelet-based algorithm for watermark embedding and extraction. For encryption, it uses a multiplicative-transposition cipher that multiplies rows and columns by secret keys and shifts rows and columns. Experimental results show the scheme provides invisibility of the watermark, robustness against attacks, a large data hiding capacity, and strong robustness against compression and noise.