Restore operation fails with PBEEncryptor error

For IBM® Security Guardium® Key Lifecycle Manager that uses HSM (Hardware Security Module) to store the master key, the restore operation during cross-migration from IBM Security Guardium Key Lifecycle Manager Version 2.7 or later to 3.0.1 fails when performed from the graphical user interface.

The following error is displayed:
CTGKM0239E Cannot restore from backup.
PBEEncryptor cannot be loaded without password.

This issue is a known limitation.

Workaround:

Use the Migration Backup Tool utility to restore the backup files.