There are no debug logs. Were any plugins updated right before this issue started? Were any changes made to the server? It’s strange that the issue just started happening suddenly.
That error is shown when Authorize.net returns E00007 on the client-side via Accept.js:
https://developer.authorize.net/api/reference/responseCodes.html#search=E00007&start=1
E00007 from Accept.js can be caused by an incorrect API Login ID or Public Client Key, or by sending a request to the wrong API endpoint (production or sandbox). As far as I can tell, nothing else causes that error (the Transaction Key is not used client-side).
Are you familiar with the browser devtools? Using the Network tab, you can verify that the correct Login ID and Client Key are being submitted to the correct URL. If you need instructions on how to do that, let me know what browser you use and I’ll write it up.