You said you're using an M1 which is Apple silicon (i.e., ARM64). But, the Security version is only available for Intel. Try the Architect version instead and be sure to download the ARM64 version.
Mac mini (M2 Pro/32GB/2TB), Intel NUC10i5FNH w/ESXi 7.0,
iPhone 14 Pro Max (256GB), iPad Pro 12.9" (5th gen, M1/16GB/1TB)
40mm Watch Series 6 (Titanium), TV 4K (3rd gen), TV 4K (1st gen)