I've been seeing this across quite a number of Windows 11 devices for months and haven't been able to find a lasting fix as of yet. While not ideal, my temporary fix is running the following PowerShell script daily against the Windows 11 devices. It backups up the Security logs and then clears them:
$Log = "Security"
$Log_Path = "C:\Windows\Logs"
if (!(Test-Path -Path $Log_Path))
{
*New-Item -ItemType directory -Path $Log\_Path*
}
$logdate = Get-Date -format yyyyMMddHHmm
$destination = $Log_Path + $Log + $logdate + ".evtx"
Write-Host "Backing up $log log."
wevtutil epl $log $destination
Write-Host "Clearing the $log file from Event Viewer."
WevtUtil cl $log