Jose's laptop got stolen and he has no backups. Leo says the first thing Jose should do is change all the passwords for any online banking, social media, etc, and turn on second factor authentication. He should also turn on encryption on his mobile devices. It's a harsh lesson, but Jose has learned to always backup and encrypt his data.
Alex's son got his iPad stolen. Fortunately, he had the pin code password turned on, so it's likely it'll end up being wiped after 10 tries to unlock it. But that doesn't stop it from being restored and his data wiped. Hopefully, he also had Find my iPhone on it to wipe the iPad remotely and to see where it ended up. He could then pass on that information to the police, but it's important that he doesn't try to recover it himself. That can be dangerous. Chances are, the police won't be able to recover it, though. So he'll have to wipe it and chalk it up to a painful lesson.