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- Normally I take it with me, just like swombat does

- Harddrive is encrpyted

- Installed http://preyproject.com/ (free) - allows you to track it in case it gets stolen

- My profile is secured by a password, but there is a blank profile that people can just log into, so that Prey can do its work :)

If the disk is encrypted, I'm not sure how Prey project is useful since the thief will not run the original OS but reformat/reinstall one.

That's what the open guest profile is for. At least in theory :)

The disk is encrypted, access to the OS is impossible without the decryption key.

Prey looks great, do you know if it's legit? It's open source and everything, I'm just asking if you know of anything fishy happening with them.

I haven't seen anything suspicious yet. But you could use LittleSnitch (on Mac) to see when and what it is sending.