The error is due to the user permission management handled by the operating system.
The solution for this problem is to change the registry in your system to add permissions to the utility. Please follow the steps below to achieve this:
1. Login as admin user. Open the Run window via Start -> Run.
2. Type regedit and hit enter.
3. Add to the registry folder permissions for HKEY_LOCAL_MACHINE\SOFTWARE\Cypress\USB DevStudio\CyConsole for the user(non admin) account.