A locking mechanism for a storage container is provided. The locking mechanism is positioned on a center post of the storage container and includes a sled, a handle or knob, a connecting mechanism, a sled arresting mechanism, and a lock. Depending upon the position of the lock, the handle can unlatch the container. When the lock is in the unlocked position, the sled arresting mechanism allows the unlatching of the container. When the lock is in the locked position, the sled arresting mechanism prevents the unlatching of the container. The locking mechanism is resistant to drill attack due to its vertical configuration and positioning of a cover on the center post.