Microsoft warns about October 2016 rollup update KB3192392 issued for Windows 8.1 and Windows Server 2012 R2. The rollup package contains a bug that crashes System Center Operations Manager (SCOM) 2012 R2.
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Rollup update KB3192392 (October 2016 security only quality update for Windows 8.1 and Windows Server 2012 R2) has been released at October 11, 2016. It closes several vulnerabilities (kernel mode drivers, Internet Explorer, authentication etc.) in Windows 8.1, and Windows Server 2012 R2.
On systems with System Center Operations Manager (SCOM) 2012 R2 installed, rollup update KB3192392 is causing SCOM crashes. In a technet post (here is the revised post), Microsoft confirms the problem. The only workaround known till now is uninstalling rollup update KB3192392.
This also causes Server 2012 R2 WSUS to crash as well, once uninstalled I was able to get WSUS to run again without crashing.