The full statement is available here;
While Valve aren't forcing the change of passwords it has been recommended. Particularly if you have a credit card associated with your account.
While this is regrettable some have said it was only a matter of time with Steam being such a high profile target. What should be taken from this unfortunate event though is Valve have been thoroughly honest in accepting responsibility and making a clear statement to its customers. If only Sony had acted in the same fashion when the PSN was compromised earlier this year.

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