Windows 7 and Windows Server 2008 Network Issues after Microsoft January 8th, 2019 Update

The KB4480970 (Monthly Rollup) and KB4480960 (Security only) updates were released by Microsoft on January 8, 2019 for Windows 7 SP1 and Windows Server 2008 R2 SP1. The updates seem to cause serious network issues for some people. Network shares can no longer be achieved via SMBv2 in certain environments.