Patent ID: 7984629

Claim:
A security device for deterring theft of an object from a retail store, said device comprising: a base member; cable means for placement about the object; spool means rotatably mounted on the base member, the cable means being connected to the spool means such that the cable means can be wound around said spool means enabling said cable means to be tightened around said object upon rotation of the spool means with respect to the base member in a tightening direction; and a ratchet and pawl mechanism configurable between an active configuration wherein the spool means is constrained for rotation only in said cable tightening direction, and an inactive configuration whereby the spool means is free to rotate in both the cable tightening direction and an opposite, cable loosening direction, said ratchet and pawl mechanism being biased towards its active configuration, wherein the ratchet and pawl mechanism is configured to move from the active configuration to the inactive configuration by applying a magnetic force to a portion of the base member.