Thats true.
I think a key and cable would actually be more safe in some ways. Question is can you find the key in the dark in a panic situation.
I have actually been looking at the gun vault mini for awhile now. Just have not made a decision yet. It seems you sacrifice alot of security for convenience. Not only does water apparently cause them to open their are alot of complaints of them tearing up and locking your gun inside. Hope that wouldn't happen when you need it. Maybe a non electric safe may be a better choice like fas1 suggested. If these electronic safes fail this easy it could very well cost your children,you or some one else their life.
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