We have some of those “secure document disposal” bins. The older version used a latch with a padlock. The good thing about that design, was that there was only one “less obvious” way into the bin. Via opening the padlock. The bolt heads were hidden by the latch.
It’s certainly a more impressive looking bin than the old green bins we had. Must be more secure because it’s new and shiny!
But, oh look, Iron Mountain have exposed the bolt heads. So it’s less secure than the old bin.