Test suite fails with error Failing due to failed test step\njava.security.AccessControlException

We have recently updated to ReadyAPI 3.49 and noticed that our build pipeline keeps failing, the test pass with 100% success rate but I see there is suite level failure with error Failing due to failed test step\njava.security.AccessControlException: access denied (\"java.util.PropertyPermission\" \"*\" \"read,write\")

We rolled back to an older version and that fixed the issue.