When you see "Security device not found," the software updater (or the main application) is trying to verify your license. It expects to find a specific hardware token (the dongle) plugged into a USB port. The dongle contains a unique chip that holds your decryption keys and license limits.
Check if the dongle has an indicator light. If it is dark or flashing red, the port or device may be faulty.
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To minimize the likelihood of encountering the "Security device not found" error in the future:
On the screen, a harsh, angular dialog box blinked incessantly.
Sometimes aggressive security suites flag the dongle's communication as suspicious. Try disabling your firewall/antivirus briefly to see if the software launches.
Reproduce & observe