SUT project exception: mandatory property securityprovider does not exist

Steps to reproduce
1. Run the SUT project cargo.run

Exception logged:
[INFO] [talledLocalContainer] SEVERE: Servlet [Repository] in web application [/cms] threw load() exception
[INFO] [talledLocalContainer] javax.servlet.ServletException: RepositoryException: /hippo:configuration/hippo:groups/news-editors: mandatory property

securityprovider does not exist
[INFO] [talledLocalContainer] at org.hippoecm.repository.RepositoryServlet.init(RepositoryServlet.java:234)