Anti-Theft Solution - Prey

Thanks to Bernie Dodge for sharing this link to Prey, a free, open source anti-theft device for your PC (Mac,Windows and GNU/Linux supported) or mobile phone (Android phones only at the moment).
Source: Prey Blog

Will this replace services like CompuTrace in schools? Probably not but it will certainly have an impact for folks that install it on their own computers. One of the obstacles with using these kinds of tools is, what happens when you reformat the hard drive, clearing away all software? Without a special boot partition--which you have to remove as well--in place, these types of software programs just won't work.

In this case where the thief is likely to format your computer, the Prey web site encourages the following actions (which can be circumvented as well but to be honest, what's foolproof?):

That’s a different story. We encourage you to add a BIOS password and disable booting from removable devices on your PC, so that the thief will be forced to boot into the previous installation and thus, not be able to format your hard disk easily.

If you have a Mac, there’s a firmware password utility on your Mac OS installation DVD. You can find it in in Applications/Utilities on the disc.
Source: Prey FAQ
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