SSIS Error : Failed to decrypt protected XML node "DTS:Password" with error 0x8009000B "Key not valid for use in specified state."

Error:Failed to decrypt protected XML node "DTS:Password" with error 0x8009000B "Key not valid for use in specified state.

Details: Error occurs after deploying SSIS package to another server

Cause:Incorrect package protection level specified - by default it is EncryptSensitiveWithUserKey
Solution:Change package protection level property to to EncryptSensitiveWithPassword, or EncryptAllWithPassword and provide the password