If someone gets my keychain they own me completely and can quite possibly ruin my life.
Because it's "dumb file sync" with a number of options, there are also some really interesting options with interesting security footprint trade-offs of their own. Resilio Sync, for instance, originally known as "BitTorrent Sync", supports peer-to-peer sync and more interestingly supports "encrypted peers" where you can have a cloud provider participate that "knows nothing" about what is inside the synced folder but can still share/sync it with your devices that do.
Similarly, if someone develops something crazy like a killer secure and somehow user friendly IPFS sync option tomorrow, you could switch immediately.
(Like mine: https://pave.software/ )
Most teams (you'll agree?) have horrible aggregate password management. With every person storing passwords their own way... and only a few people actually having good passwords... isn't security at the organization level really crappy? Here's a real world example... you can have all the security you want on your servers... but if someone in legal still has access to the "Passowrd123" for the AWS account... isn't the team at a disadvantage? Another cliche warning: I need to care about forests, not trees.
At least with LastPass (or whatever other system you can think of that's similar) you can setup "pretty good" team-based policies... share passwords with people who need access (and often not even expose the actual password just access to it so you don't have to change everything in the event of turnover)... set up dead man switches on key accounts (for the hit by the bus scenario we all talk about)...
I know that LastPass has made my life significantly easier since adding it to a number of companies I consult for. I don't know of any security issues first-hand, and I've been using their service for 7 years (personally, and 5 years with teams). I like all the self-hosted options I keep reading about -- glad people are taking security more seriously... but at the end of the day if it's not a comprehensive team-based solution, it's just not something I want to put any stock in. If I can't administer it across a team, if it's just another "personal use only" type option... I don't find any value to it in the workplace.