It certainly sounds like a form of extortion to me. "We have a large amount of personal information that can be used to take out loans in your name. We, and o

It certainly sounds like a form of extortion to me. "We have a large amount of personal information that can be used to take out loans in your name. We, and others like us, have repeatedly shown that these databases are not secure. They will remain insecure unless you pay us."