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Employee planning to leave

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If an employee is planning to leave and join a competitor, how can the employer reduce the damage which the employee can cause, like sharing the customer information with business rivals, especially for financial service firms?
 
To prevent issues like this, most companies always make sure their employees sign a contract that prevents them from exposing company secrets even after they have left.
 
Usually, a company will request employees to sign a confidentiality agreement to ensure that s(he) will not leak out company information when s(he) leaves the company. That said, sometimes it is difficult to monitor whether the leaving employee will follow the terms of the agreement.
 
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