Financial extortion is a crime where an individual or group threatens to harm someone or their property unless they receive money or valuables. This can involve various tactics, such as blackmail, where sensitive information is used to coerce the victim into paying. The goal is to instill fear and pressure the victim into compliance. Common forms of financial extortion include cyber extortion, where hackers demand ransom to prevent data breaches, and sextortion, which involves threats to release compromising images. Victims often feel trapped and may struggle to report the crime due to shame or fear of further repercussions.