As mentioned above it's a patch for
Crowdstrike Falcon cybersecurity software, all in one antivirus and endpoint protection. It's not a microsoft patch but it only affects Microsoft Windows machines, so any organisation that has Crowdstrike on managed desktops or their servers will have the issue. It's unlikely to affect personal PCs as that it's enterprise software not consumer level.
The wider ramifications are where companies have it running on servers. Said servers will be offline until somebody reboots and does the manual fix.
https://www.theregister.com/2024/07/19/crowdstrike_falcon_sensor_bsod_incident/
Easy per machine, but not if you have 1000s of machines.