The API key has reached its expiration date and is no longer valid for authentication (high likelihood)
The API key record in the sys_api_key table has been deactivated or deleted by an administrator (high likelihood)
The external system is sending an incorrect or malformed API key value that doesn't match any records (medium likelihood)
The API key exists but lacks proper ACL permissions or role assignments for the requested resource (medium likelihood)
Network issues or encoding problems are corrupting the API key during transmission (low likelihood)