Key value has incorrect checksum for the declared key identifier

What causes this issue?

The presented key value does not match the key identifier for which you
want to import it.

System Response

The key cannot be imported.

How to fix this error?

Import the correct key material.
The key value can be bound to a dedicated key identifier.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.