The Security Level here depends on which User Name was selected. If this User Name was configured as No Authentication, the Security Level is No Authentication only. However, if this User Name has been assigned with Authentication and Privacy rights, the security level can be either No Authentication, or Authentication Only, or Authentication and Privacy.
The options are:
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No Authentication—Indicates that the packet is not authenticated or encrypted.
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Authentication—Indicates that the packet is authenticated but not encrypted.
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Privacy—Indicates that the packet is both authenticated and encrypted.