This looks okay. An authFail indicates that someone is polling this device with the wrong community string. Check x.x.x.x to make sure there aren't any applications polling this device with wrong credentials.
Something else to note is that you should not be using '@' in your community strings. While this shouldn't really matter for routers, it's a good rule of thumb not to use '@' on Cisco devices as that character is reserved for community string indexing.