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The word "extortion" is correct and usable in written English.
You can use it when referring to the crime of obtaining something, usually money, through coercion or intimidation. For example, “The gang leader was arrested for extortion after he threatened to harm the shopkeeper unless he paid a large sum of money.”.
Dictionary
extortion
noun
The practice of extorting money or other property by the use of force or threats.
synonyms
Exact(60)
Four days after Eoin Morgan and the England and Wales Cricket Board were subject to a bizarre extortion attempt in Tasmania, Stuart Broad found himself in the eye of a social media storm when tweeting: "I've heard if you earn minimum wage in England you're in the top 10% earners in the world.
The two million barrels of oil pumped from the delta each day provide more than 90% of Nigeria's foreign income, but the delta communities have little to show for it beyond contamination and violence, with youths resorting to hostage-taking and extortion.
The result is that eastern European and African women, who make up 47 per cent and 26 per cent respectively of Amsterdam-based prostitutes according to recent government figures, are vulnerable to abuse, blackmail and extortion.
In committee, Democratic representative John Rusche asked his colleagues to set aside their "imaginary fears" of a threat to state sovereignty, but opponents of the bill said they felt the financial concerns tied up in the measure amounted to bullying and extortion by the federal government.
Ortega, the state governor, insisted that the vigilantes were at least partially formed by people fed up with intimidation and extortion by Los Rojos.
Sullivan believes references to "the terrorist film" in the hackers' demands are a smokescreen for attempts at extortion, though Cluley said some of the imagery used by the hackers recalls the "Dark Seoul" attacks of spring 2013, where systems in South Korea were targeted by the North.
Sean Sullivan, senior adviser and researcher at the security company F-Secure, said that he believes the purpose of the Sony hack was extortion.
Moreover, some individual members of the main loyalist organisations are still embroiled in crime, including drug dealing and extortion.
According to a recent crime survey, Peruvians are more worried about contract killings, corruption, extortion, kidnapping, bribery and drug trafficking than the trade in human beings.
This week's indictment accusing Hastert of manipulating bank accounts and lying to the FBI to allegedly cover up past "misconduct" has left hometown admirers searching back through fond memories and struggling to understand how alleged sexual abuse and extortion could have emerged from that period.
He warned that other studios should take any future extortion threat from hackers seriously.
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CEO of Professional Science Editing for Scientists @ prosciediting.com