Service Manager 2012 service not starting after update KB2677070

After applying the recently released security update KB2677070 the System Center Data Access Service and the System Center Management Configuration Service wont start. Both services will log a "Error 1053: The service did not respond to the start or control request in a timely fashion"

Change the Group Policy settings. To do this, follow these steps:

1. Under the Computer Configuration node in the Local Group Policy Editor, double-click Policies.
2. Double-click Windows Settings, double-click Security Settings, and then double-click Public Key Policies.
3. In the details pane, double-click Certificate Path Validation Settings.
4. Click the Network Retrieval tab, click to select the Define these policy settings check box, and then click to clear the Automatically update certificates in the Microsoft Root Certificate Program (recommended) check box.
5. Click OK, and then close the Local Group Policy Editor.

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