Error 12017 on Updating Nokia Suite

I installed Nokia Suite on my Windows PC. Afterwards, I was prompted for a new version for my Nokia Suite which is Version 3.2.100. I installed the update successfully and created a backup before the installation. But I received an Error 12017. What is wrong with the Nokia Suite? I installed it again for few more times but still end up with the same error window. How can I fix this?

Update Nokia C5-03 Software
Something's gone wrong
There was a problem with Nokia Suite. Please restart the program and try again. If the problem doesn't go away, uninstall Nokia Suite and download the latest version of the application from https://www.nokia.com/phones/en_us/support. Error code: 12017
