A lock for the rings of photo albums and other binders includes a lock and a security component to prevent opening of the album in a retail store and to prevent pilferage of the contents or the improper insertion of refill pages. Once a consumer has made an album selection, the security component is removed. Once removed, the lock is moveable between a first position in which opening of the album rings is permitted and a second position in which opening of the rings is prevented. The initial release of the security component preferably requires a tool. In the most preferred embodiment, the lock slides in a slot in a binder body and includes a lower ridge which aligns with an opening in a pair of spring plates to permit ring opening. When the ridge is moved away from the opening and into the cavity of the binder body, the rings cannot be opened.