PORTLAND, Ore. - iPod's, MP3s and GPS devices were all hot holiday gifts and if you got one, you might want to start thinking about how to protect it. 

There is some new technology out there that can help - it's called Gadget Trak. 

Whether your gadget is lost or stolen, this new computer software, developed right here in Portland, promises to help find it. 

Here's how it works - you log on to the company's Web site, download the software onto your gadget, register and you're ready to go. 

When your iPod, new digital camera or other device is lost or stolen, you log on to your account and activate tracking. 

The next time your device is connected to a computer, the software will communicate all sorts of information back to the company - everything from IP addresses to user names and location is tracked. 

If it is a laptop that was stolen, the software can even activate the computer's camera to record audio and video of whoever is using it.  You can even customize a message for that person. 

The software may be really useful for people who store a lot of important information on their devices. 

"It's not just your phone, it's your life.  If you really think about it, you have your photos, your contact information, people can steal your identity from the information on these things," said Gadget Trak Founder Ken Westin. 

You can use the software on almost anything that connects to a computer.  However, if you want to track a laptop, the software only works with Macs right now. 

Gadget Trak costs anywhere from $12 to $20 a year depending on how many devices you have registered.  If you own a PC, there are plenty of other options out there as well.