It is quite unnerving to suggest registry editing as a work-around. This should not be recommended. As such, and rather than disable any security software on my machine (Win10), once I understood that it was a font installation issue, and where the fonts were being stored, I was able to resolve the issue.
The following is a safer way to complete the installation.
1) After running the installation as administrator (which is successful), the program forces the user to quit.
2) Then going to the folder
“C:\Program Files\Wolfram Research\Wolfram CDF Player\11.0\SystemFiles\Fonts\TrueType”
where the fonts are stored after installation, I installed the fonts with administrator privileges,
in batch (select all, right click, run as admin).
3) Open the program, no error should occur.
Check opening the program after manually installing the fonts in batch.
I suspect that this may be the only required step after the initial installation.
To check this, I uninstalled the fonts, attempted to open the program, received the error, reinstalled the fonts and reopened the program. The program opened without error.
I hope this is helpful.