I've been defending LastPass and recommending it to everyone till today. Now I'm thinking about how I might have to 'pay' for a software vulnerability in some private (read:unauditable by me) code. All the comments about offline, local backups make sense to me.
But the points I usually make are still valid, like:
1. I can go to any computer with chrome and get access to all my passwords, so don't have to carry my passwords with me everywhere.
2. Don't have to worry about storing passwords properly since lastpass is a good company and they know their stuff about protecting the customers' data.
3. Password capture. It might seem like a tiny feature, but I'm too lazy to remember opening an app and entering my credentials whenever I create an account or login into an old account.
4. Mobile login, although a paid feature, this really changes my life. If I don't trust a computer enough to login via chrome or something else, or want my secret notes, I just open up my phone.
But all the above features meaning nothing when it comes to the chance of compromising all my passwords (except bank info, of course)
I'd like to hear the thoughts of anyone else who uses lastpass and what they think.