I wonder how telling this is: "We do not guarantee that Your Files will not be subject to misappropriation, loss or damage and we will not be liable if they are

I wonder how telling this is: "We do not guarantee that Your Files will not be subject to misappropriation, loss or damage and we will not be liable if they are. You're responsible for maintaining appropriate security, protection and backup of Your Files." Is it "use at your own risk no matter how much money you pay us"?