This circuit, enclosed in a small plastic box, can be placed into a bag or handbag. A small magnet is placed close to the reed switch and connected to the hand or the clothes of the person carrying the bag by means of a tiny cord. If the bag is snatched abruptly, the magnet looses its contact with the reed switch, SW1 opens, the circuit starts oscillating and the loudspeaker emits a loud alarm sound. The device can be reverse connected, i.e. the box can be placed in a pocket and the cord connected to the bag.