3332924 - Error in runUMConfigurator: JCE Jurisdiction Policy Files don't allow the use of PbeWithSHAAnd3_KeyTripleDES_CBC

Installation of new System AS Java based on NW 7.50 with or without stack.xml failed in the step runUMConfigurator during UME Configuration with the error in

sapinst_dev.log and umconfigurator.log:

The step runUMConfigurator with step key |NW_Java_OneHost|ind|ind|ind|ind|0|0|NW_Onehost_System|ind|ind|ind|ind|onehost|0|NW_CI_Instance|ind|ind|ind|ind|ci|0|NW_CI_Instance_Configure_Java|ind|ind|ind|ind|javaconfig|0|NW_UME_Configuration|ind|ind|ind|ind|ume|0|NW_UME_Configuration_Standalone|ind|ind|ind|ind|standalone|0|runUMConfigurator was executed with status ERROR (Last error reported by the step: Java EE Engine configuration error. DIAGNOSIS: See output of log file umconfigurator.log: 

...

<timestamp>  Info: UME configurator (com.sap.security.tools.UMConfiguratorLoad) called for action "setup"
<timestamp>   Error: main()
[EXCEPTION]
com.sap.engine.frame.core.configuration.ConfigurationException: Error while connecting to DB.

...

Caused by: com.sap.sql.log.OpenSQLException: Error while accessing secure store: Encryption or decryption is not possible. JCE Jurisdiction Policy Files don't allow the use of PbeWithSHAAnd3_KeyTripleDES_CBC..

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Caused by: com.sap.security.core.server.secstorefs.NoEncryptionException: Encryption or decryption is not possible. JCE Jurisdiction Policy Files don't allow the use of PbeWithSHAAnd3_KeyTripleDES_CBC algorithm.

...

Caused by: java.security.NoSuchAlgorithmException: Cannot find any provider supporting PbeWithSHAAnd3_KeyTripleDES_CBC

New system installation of AS Java based on NW 7.50

PbeWithSHAAnd3_KeyTripleDES_CBC, Encryption or decryption is not possible, SAP Java Crypto Toolkit was not found,  , KBA , BC-INS-SWPM , Installation with Software Provisioning Manager , BC-INS-UDI , Up-to-Date Installation with SWPM using stack.xml , BC-INS-JCI , Java component inst. / jload jmigmon, jsizecheck , Problem