Use a password manager to ensure every account has a distinct, complex password.
Use reputable tools like Have I Been Pwned to see if your email or phone number has been part of a known data leak. Download a file - Computer - Google Chrome Help
Here is a blog post covering what these files are, how they are used, and the risks associated with them. Understanding the Risks of "Download Combo (2).txt" Files
Security researchers and law enforcement sometimes set up "honeypot" downloads to track individuals attempting to obtain stolen data.
Many sites offering "free" combolists are fronts for distributing malware. The .txt file you think you are downloading could actually be an executable script or part of a larger ransomware package designed to infect your own device.
A combolist is a compilation of login credentials leaked from various data breaches across different websites. Hackers aggregate these into a single "combo" file to exploit a common human habit: .