Is it? I don't think it would be. In fact, extortion and coercion are fairly easy because there are no rules (this I can attest to from both sides of the equation). The easiest weakness to exploit is always going to be the humans involved, especially in a legitimate business. The only true way to protect data like this is to have it not exist in the first place. Once the data is created - forget it, you might as well assume if Big Bro really wants it, they're going to get it -- because they will, if they don't already have it. It's not a case of if, but when.

That was literally his whole argument.