This error means that the Wibu Runtime was not installed correctly on your computer.
The Wibu runtime is required to download or check your computer bound license, or to read your USB dongle.
When reinstallation of Hydromagic does not help, we suggest to download and install the Wibu runtime manually.
This runtime can be downloaded from https://www.wibu.com/us/support/user/downloads-user-software.html.