Generated key: &1

What causes this issue?

The system generated the following key from the pass phrase entered:
&V1&
This value can be used as the content of the key file for the secure
storage.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.