This is what finally worked for me.
An analysis of the issue was published on the German admin website Administrator.de. The analysis confirms the network share issue and that it is caused by the installation of KB4480960 or KB4480970.
The issue is triggered only if the user attempting to make the connection is an administrator on the machine that hosts the Share. If the user is "just" a user on the device that hosts the share, the connection should be fine.
A workaround has been published to address the issue. It modifies the Windows Registry and should be run on the system that hosts the share. Note that you need to run from an elevated command prompt.
- reg add HKLM\SOFTWARE\Microsoft\Windows\CurrentVersion\Policies\system /v LocalAccountTokenFilterPolicy /t REG_DWORD /d 1 /f
- Reboot the PC.
The Registry entry defines how administrator credentials are applied for remote access. A value of 1 sets the restrictions to Audit mode.
Removal of the updates resolve the issue as well but will remove the security patches on the target system that Microsoft released in January 2019.
I used the reg add. after I rebooted the computer I was able to use remote desktop and connect remotely to the network shares. I hope this can help someone else.
George Guel