L2TP connection attempt failed AND Microsoft Security Update KB5009543

Recently Microsoft applied a patch KB5009543 and ever since the patch was applied, I’ve been experiencing “L2TP connection attempt failed because the security layer encountered a processing error during initial negotiations with the remote computer” error - when I uninstall the patch the VPN connection works perfectly. Has anyone seen this problem.

In my VPN configuration I have CHAP & MSCHAP v2 enabled

Yes and not limited to just Peplink products. wusa /uninstall /kb:5009543

Microsoft put out an update to resolve this issue on the 17th of January.
KB5010795 can be used for windows 11
KB5010793 can be used for windows 10
I cannot confirm for windows 10, since I already updated to windows 11, but for windows 11 this resolves the issue.