I recently used a 2 metre cable and padlock with my Giant loop in Laos.
I just looped it through the ring on top of the Bag then through my helmet and jacket and around the frame and usually anchored to a pole or similar.
Sure they could cut the Ring away but they cant see where it attaches to the giant loop,all they can see is the cable with the helmet on top.Also I had the lock inside the helmet so they could not see what type of lock it was.
Just used this if I was away from the bike for a short time having lunch or shopping. Enough to deter the opportunistic thief hopefully.
On a bigger trip would still take the cable and lock(quite light) but definitely take a cover.
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