If you right click on the driver installer you should see “Troubleshoot compatibility” in the list.
Try going through the options it gives you. Sometimes drivers that were originally written for older operating systems need to be installed in Compatibility Mode. If that doesn’t do it I think I’m about out of ideas.
You might find something helpful on the native instruments forums … 
http://lmgtfy.com/?q=native+instruments+audio+kontrol+1+windows+7+64+cubase