A method and device for protecting an article, wherein the security device has belt having a latch mating element. A magnetically actuable locking mechanism has a magnetically actuable latch and a flexible element. The magnetically actuable latch includes a lower surface having at least one protrusion extending there from and adapted to engage with the latch mating element of the belt, and a front surface adjacent the lower surface. The front surface has a lateral notch formed therein. The flexible element biases the magnetically actuable latch and the belt into a locked position. A housing has the magnetically actuable latch disposed therein and housing includes a passageway therein defining a belt pathway configured to slidingly receive the belt therein.