What causes QuickBooks Error 3371 to occur?

There could be a variety of causes for QuickBooks Error 3371 Status Code 1118; learn more here:

QuickBooks Desktop requires a file or component that is either damaged or missing in order to execute.

This error is also caused by Qbregistration.
dat:
It essentially has your driver's license information.
MSXML Component has been damaged.

Antivirus interruption of any kind.
WebConnect User issues with Right networks and QuickBooks Enterprise.