The company commented below that this is a newer model which should be stronger than the one in the video I posted earlier. So it may not have the same issue.
Anyone considering this might want to watch this: https://www.youtube.com/watch?v=j7ah3RA0Alo tl;dr it is extremely easy to cut
DeckoThis is NOT the same product referenced. HEXBAND is different than the original and extra tough. See specs: https://ottodesignworks.com/ottolock-compare. Also important to understand intended use.
fhamleyWe are sorry you feel it is useless. It is very strong. It has an intended use, and many consumers understand this need. https://ottodesignworks.com/use-guidelines. There is no insurance policy. Many, many locks have no insurance policy.
tl;dr it is extremely easy to cut