Adobe, eBay, and iCloud have been hacked...now add Spotify to that list. The company has stated that on May 27th, they became aware of "some unauthorized access to [their] systems and internal company data" but that "only one Spotify user's data has been accessed and this did not include any password, financial or payment information."
Once you download and install the new app, you'll be prompted to uninstall the old one.
Note that offline playlists will have to be re-downloaded in the new app, and while it's a pain, it's a small inconvenience to ensure our data is safe.
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Other worthwhile deals to check out: