What do hackers use data breaches for?

I was wondering what do people usually do with the data breaches they download from forums like breached. The databases have lots of personal information like names, emails, phone numbers but obviously almost never passwords due to encryption. So I was curious trying to figure out what are they mostly used for.. I doubt it’s just for educational purposes, I bet people want to make money off it.

Are they going after the email lists to do some spamming/phishing? I’m just a curious beginner so that’s the only explanation I could think of

submitted by /u/quietestman
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