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Alister Esam is the CEO & Founder of Process Bliss, a work management software helping companies run at peak efficiency. Cybercrime is expected to cost the global economy $6 trillion annually. The right steps after a data breach can help companies mitigate losses for customers, as well as themselves. Here are 5 essential precautions to take after a breach: Communicate with customers, get third party counsel, document everything, get legal advice and conduct an intensive post-mortem. An intrusion prevention system (IPS) can automatically identify the source of the breach. Once the breach have been identified, it can then be contained.