It WASN'T the update, says Microsoft: Windows 7 suffers identity crisis as users hit by activation errors
https://www.theregister.co.uk/2019/01/11/windows_7_activation_error/
Microsoft has said that activation errors seen by Windows 7 users should not be chalked up to Tuesday's patch, but rather were an entirely different cockup.
Windows Activation Technologies is the Jiminy Cricket of Windows 7, chirping at you if it thinks you might not be paying for your licensing. Combining Jiminy with the Key Management Service (KMS) on Windows 7, as many enterprise customers likely do (even though Microsoft wishes they wouldn't), hasn't caused too many headaches.