Hackshield Error?

Re-install your video drivers, make sure you have support for DirectX9.
That's what the error is.

I just did, and I get the same error, I ran dxdiag and it says I have Directx11 so I think DirecX9 is ok...

Luckily for you, I'm a computer technician. Also DX11 Does NOT equal DX9 support. Most of the time, yes. All of the time, no.

Click on your start menu.
If Windows Vista/7, type in msconfig and hit enter. You may get a UAC prompt, approve it.
If Windows XP, click on Run... in the left side of your start menu, and then type msconfig and hit enter
Once the msconfig window comes up, Click on the Selective Start-up option.
Untick the checkmark/box from Startup items.
Hit Apply and then OK.
Restart your computer.
After restarting you may get another msconfig window, you can just close this and the one that may launch behind it.
Now try launching Vindictus.

If this works, you have a conflicting program, possibly BitDefender or Steam or something else.

If this doesn't work, double and triple check your video drivers, making sure you are downloading the newest ones straight from the manufacturer's website, and not using something off of a CD. Doesn't hurt to check other drivers too.

If still having an issue after all of that, let me know.

Go to your /vindictus/en-US/ folder and see if you have a file called "d3d9.dll", if so, remove it.

Also make sure you're not running any kind of application with D3D overlay.
Guild members that used to use GSC (Voice chat application) would get that error because GSC has a "who's talking " display for inside the game (similar to MUMBLE)
So you may want to check that out too.