Unfortunately, the Intel HD Graphics 530 is too old to meet the game’s minimum driver requirement. Intel only provides the 30.x drivers for newer integrated graphics (11th gen and up). The 27.20.100.9664 you have really is the latest your GPU can support, which is why the game is blocking it.

You can try forcing it to run anyway by launching with -force-d3d11 or -force-opengl in the Steam launch options, but stability isn’t guaranteed. Another option is using a discrete GPU if your system has one, or upgrading hardware.

So yes, it’s not that your driver is outdated — it’s that your GPU is no longer officially supported for the game.