MySQL Error 3236 – ER_AES_INVALID_KDF_ITERATIONS

MySQL Error Message

For KDF method pbkdf2_hmac iterations value less than
1000 or more than 65535 is not allowed due to security reasons.
Please provide iterations >= 1000 and iterations < 65535

Reason for the Error

ER_AES_INVALID_KDF_ITERATIONS was
added in 8.0.30.