An anonymous reader writes: Slate provides the first-person account of a CEO who received an e-mail with several business documents attached threatening to distribute them to competitors and business partners unless the CEO paid $150,000. "Experts I consulted told me that the hacking probably came from government monitors who wanted extra cash," writes the CEO, who successfully ended the extortion with an e-mail from the law firm from the bank of his financial partner, refusing payment and adding that the authorities had been notified. According to the article, IT providers routinely receive phone calls from their service providers if they detect any downtime on the monitors of network traffic installed by the Chinese government, similar to the alerts provided to telecom providers about VoIP fraud on their IP-PBX switches. "Hundreds of millions of Chinese operate on the Internet without any real sense of privacy, fully aware that a massive eavesdropping apparatus tracks their every communication and move..." writes the CEO. "With China’s world and ours intersecting online, I expect we’ll eventually wonder how we could have been so naive to have assumed that privacy was normal- or that breaches of it were news."