This specifically effects Phison PS5012-E12 controllers.
wccftech.com

Phison has recently been made aware of the industry-wide effects of the 'KB5063878' and ‘KB5062660’ updates on Windows 11 that potentially impacted several storage devices, including some supported by Phison. We understand the disruption this may have caused and promptly engaged industry stakeholders.
We are steadfast in our commitment to product integrity and the success of our partners and end users. At this time, the controllers that may have been affected are under review and we are working with partners. We will continue to provide updates and advisories to partners who may have been impacted to provide support and ensure any applicable remediation.
- Phison

Phison Acknowledges SSD Failures On Windows 11 Due To KB5063878/KB5062660 Updates; Starts Investigations On Its Controllers To Resolve The Issue
Phison has responded to the SSD failures caused due to latest Windows 11 Security updates, which has caused problems with Phison Controller-Based SSDs.

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