Cannot install NCS via VSCode

Hello. I have installed NCS 2.4.0 a while back and decided to finally update my NCS to newer version.

I have tried to install new SDK via nRF Connect for Desktop at first but I have faced some weird issue that I have described in a seperate post:

 Newly installed NCS version does not show up in VSCode 

Now, I am trying to install another version (this time v2.4.2) via VSCode directly using Manage SDK in welcome menu:

The installation had started and after about 5 minutes it failed:

Full logs:

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[12:00:44] Update available https://nsscprodmedia.blob.core.windows.net/prod/software-and-other-downloads/desktop-software/nrf-command-line-tools/sw/versions-10-x-x/10-23-2/nrf-command-line-tools-10.23.2-x64.exe
[west]: updating c:\ncs\v2.4.2...
[west]: === updating zephyr (zephyr):
[west]: --- zephyr: initializing
[west]: Initialized empty Git repository in C:/ncs/v2.4.2/zephyr/.git/
[west]: --- zephyr: fetching, need revision v3.3.99-ncs1-1
[west]: From https://github.com/nrfconnect/sdk-zephyr
[west]: * tag v3.3.99-ncs1-1 -> FETCH_HEAD
[west]: HEAD is now at 28a3fca7d [nrf fromtree] libc/picolibc: Remove -T /dev/null linker arguments
[west]: HEAD is now at 28a3fca7d [nrf fromtree] libc/picolibc: Remove -T /dev/null linker arguments
[west]: === updating bsim (tools/bsim):
[west]: --- bsim: initializing
[west]: Initialized empty Git repository in C:/ncs/v2.4.2/tools/bsim/.git/
[west]: --- bsim: fetching, need revision 908ffde6298a937c6549dbfa843a62caab26bfc5
[west]: From https://github.com/BabbleSim/bsim_west
[west]: * branch 908ffde6298a937c6549dbfa843a62caab26bfc5 -> FETCH_HEAD
[west]: HEAD is now at 908ffde west.yaml: Namespace all projects
[west]: HEAD is now at 908ffde west.yaml: Namespace all projects
[west]: === updating hostap (modules/lib/hostap):
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

In short, I have troubles updating SDK version via both (nRF Connect SDK for desktop and VSCode). Could someone help me out there and help me understand what are the causes of these installation errors? Installing new SDK version should not be this complicated..

UPDATE

 

The issue might be related to company security policy. I think it is preventing from fully installing NCS for some reason.