She has been working against Victor (Eric Braden) for a while, but after his recent threats, Natalie (Mara McCaffray) will have to explain her actions to her real backers--Billy (Jason Thompson) and Phyllis (Gina Tognoni)--on The Young and the Restless.  

Nikki Learns Another Shocking Secret About Victor

After a warning from Luca (Miles Gaston Villanueva) that he was being played about PassKey, Victor paid Natalie a visit and demanded progress, hinting that if she double-crossed him she would suffer a fate far worse than being fired. Scared for her life, Natalie showed Victor the working copy of the program--but he was still unmoved by her plea for another week to perfect it and told her he expected it in 48 hours.

However, she must now explain to Billy and Phyllis what prompted her to appear to sell them out by giving Victor the thing they wanted to steal away from him, and Billy isn't going to be happy when he learns that his chance to outsmart his father-in-law has once again been taken away from him.

Victor's Actions Bring More Drama For The Newman Family

"That is ours, not Victor's!" He bellows in a preview clip for the Wednesday, February 24 episode. "You just gave it to him?"

"I thought he was going to kill me if I didn't," Natalie explains.

However, despite what looks to appear the end of the scheme, Phyllis may figure out another way to  secure it for themselves, meaning not all is lost when it comes to their still trying to out maneuver their common enemy.

The Young and the Restless airs Monday-Friday at 12:30 p.m. on CBS.