Try reinstalling the Visual C++ packages that come in the HIPS installation zip file.
If 32bit, run:
If 64bit, run all:
Since HIPS is an ePO-managed product only, you should be adding these rules via ePO policy (e.g., ePO server console; not local clientUI).
The same thing occurred at my office. The issue was that the Windows text size in the Display settings was set at "Smaller (100%)". Switching to "Medium (125%)" corrected the problem.