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Is it definitely Apple that sent you the info? Is it asking you to click something to go and change the password?
If it is genuine, the risk is minimal as your passwords are usually part of breaches of millions of customers data, however the risk is definitely real.
Either way, if you use the same password everywhere; it might be time to use a password manager like LastPass and start changing your passwords to unique ones.
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Is this in settings --> passwords --> security recommendations?
Also complicated Netflix passwords are ok, as you can usually use netflix.com/activate or netflix.com/tv8 if you have your phone handy to sign in.
Soul
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@TGR
Morning all. I happened to be messing about on my phone and discovered that Apple had sent me info re a security leak. They have suggested that I change, basically, every password I have because of this data leak. The question is - should I? Is this a serious risk?