Password Manager and other components such as Security Password Extension, Offline Password Reset and Password Policy Manager will not be affected by this security update.
However, if any issue is experienced post changed, it can be manually disabled by performing the following steps in the link below.
https://support.microsoft.com/en-us/topic/kb5004442-manage-changes-for-windows-dcom-server-security-feature-bypass-cve-2021-26414-f1400b52-c141-43d2-941e-37ed901c769c
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