Optus, Medibank, … and now LastPass password manager is rumoured to have been hacked as well.
Putting all passwords in one place on the cloud seems like a great temptation for the hackers to attack. Also, it's like putting all eggs in one basket, once you lose it you lose them all. This is the main reason I can't convince myself to use a cloud based password manager. Instead I only use a local based password manager on my phone and computers. I would like to hear the different opinions from the password manager users or non-users out there.
I also include a poll about which type of password managers everyone is using.
So long as you're using a decent password for lastpass, it shouldn't matter if they get hacked. Assuming they're not just flat out lying about how they store data, it's all encrypted so even they can't access it (and therefore a hacker can't either).
The concern is that if someone does get your encrypted password file, they have infinite time to try crack it. So if your password is somewhat weak as we see GPU power continue to ramp up they might be able to crack it a few years from now (which is why it's good to change passwords on important accounts regularly).
I use a cloud one, although I probably should move to a security through obscurity move of a 'local' one that I host myself on OneDrive or AWS or something.