The Federal Funds Rate
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The correct answer would be, Extortion.
He threatened to release them to the competition if he was not paid. George should place this incident in the category of Extortion.
Explanation:
When someone forcefully obtain something, especially money, from someone, This is called as Extortion. Extortion is done through threatening the person or blackmailing him. The person involved in extortion may threat or blackmail the person to release his confidential personal belongings to the public if he is not paid desirably.
So in the given question, when a former employee of George's firm hacked the sensitive data of the client, and threatened George to release the Client's confidential details in public if he is not paid, is a clear example of Extortion.
Learn more about Blackmailing or Extortion at:
brainly.com/question/13200473
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