Abstract: A rapid closing security container which is adapted to quickly and efficiently secure various items from theft or tampering. The rapid closing security container generally includes a container having an upper opening which may be closed using a closure assembly. The closure assembly includes a first tube and a second tube which extend parallel to each other. Using a draw cord and a pair of closure cords, the first and second tubes may be drawn toward each other to close the container. A lock may be utilized to secure the draw cord and prevent the container from being opened without disengaging the lock.