Go to 'accounts' in 'My ebay'. Click on personal information (menu on the left) Click on edit (menu on the right) You'll have to sign in again. Window pops up with 'current password' and new password, confirm password. You're done.
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keepas then you only need 1 password.
use two factor authentication if your paranoid
I usually just change my old password back to my same old password. I'm good for a couple more years before the next major fabricated scare/distraction. Been doing this for the last 20 years and nothing has ever happened. ymmv
If they've grabbed encrypted information then it's certainly not too late to change your password.
James.
It may not be their first time - last year I've got spam that had in it information only ebay has access to. They claimed it didn't come from them, which if true means that they had a security breach. They didn't show any concern when I pointed that out and I figured that my time is more valuable than to waste it on fighting my way through the bureaucracy of a company that has the resources but not the will to make this easy.
I thought about getting their attention by pressing the only thing they care about (money) and making them pay through a lawsuit, but from the quick check the payment would've been too small and even though I haven't been using ebay in a while I decided I'd rather have the option of being able to use it in the future. I just keep with them information that could be thrown away without much consequence (junk email, junk phone number, junk password, work address).
I just changed the password about 20 minutes ago based on your suggestion; I just tried to log in & I'm locked out,,,,,,,,,It says high traffic volume now & warns of the Cyber breach,,,WTF,,,,
Someone else please try to log onto your ebay account & tell me if I'm the only one getting screwed,,,