After the update, the USB dongle isn't recognized in the licensing servers and throws out a "No CodeMeter dongles found" error.
The CodeMeter component may be missing after an update
For FlexiCapture Distributed, just launch the installer again and choose the CodeMeter component.
For FlexiCapture Standalone, you will have to re-run the installation via the command-line interface with the key needed. Example:
Setup.exe /qn /L1033 /v INSTALLDIR="С:\Program Files\FC12" SETUPTYPE_CMD=Full WIBU_USER_CMD="Yes"