Looks like a decent strap, first I've seen that model.
You bring up an interesting topic, while I was searching for a sling strap alternative online, I saw very few mentions of security. While the Sun Sniper has a steel alternative and Black Rapid offers their PROTECTR, has anyone ever had someone attempt to steal their gear while it's around their neck?
I don't know if there is a huge problem with camera theft in crowds but all it would take would be one snip with a sharp knife and the camera is gone. Just like no one expects to get into a car accident but insurance is something that you want just in case you do. Just added protection. This is the reason that I went with the cotton carrier. It is up on my chest in view and close to grab for that shot and it twist locks into place. I can also protect it from the elements better from this location. It is a well thought out piece of gear designed in Vancouver BC with the west coast ( wet coast) photographer in mind and you know if it works here it will work anywhere lol. Still when your spending what we do on gear is it worth it for a little piece of mind to not protect your investment?