They almost never tell you which site was actually breached, nor do they ever give you any hints as to what password was actually compromised.
So really, when I show up in one of these alerts, I'm always asking myself:
- Was this a recent breach, or a redundant alert from something I dealt with months ago?
- What account do I actually need to update, if any, to be safe from this alert?
These questions almost never seem to be answered. As someone who uses a password manager and a different random password for every site, there's no way I'm going to proactively hunt down and change every single entry in its DB when I get the "alert of the week."
(FWIW, I once worked somewhere that somehow had access to a far better version of this data than they'll ever let the public get access to. That system actually did generate alerts that were actionable. I only wish I had a way to get useful alerts like that as a private individual.)