I am developing a website for secure sharing credentials. Similar to https://www.cloak.sh/ .
How can I protect myself and hopefully eliminate all my liability, while still providing a service "without warranty"?
No user data would be sold or anything like that. A truly free service as long as the costs are low. I would put all best efforts into make the most secure solution, etc. However, I can't discount the possibility of there being a bug, or getting hacked, or something that otherwise compromises the data users have uploaded.
My concern is I could see a scenario where an employee unbeknownst to their company shares sensitive information using my website. My website is then compromised, or the company find out some other way, and attempts to go after me for damages or something.
Basically, I want to run this website and provide this service as a free best-effort offering, without the possibility of it affecting my life negatively. Is this even possible? Is this a reasonable concern?
My only steps so far have been to register an LLC and all work would be done under the LLC to shield my personal life from any issues.