I seem to be unable to find a patch that will make it so that this doesn't run. Windows Update says that I have all required patches. I first tried KB4088875. That didn't cause this program to fail. Then I tried "2018-03 Preview of Monthly Quality Rollup for Windows 7 for x64-based Systems (KB4088881)", which was only a recommended update. That didn't help either.
Same for me. I tested a Windows 7 x64 system which has all security patches, but caf's "really simple test" above still runs, which seems to indicate that the bug still exists. Same as you, I applied KB4088881, which was the only pending update, but it made no difference.
Also, I tried the command from the orginal article:
This creates 5GB file which does look like a raw memory dump. I'm not sure how to interpret this; I don't know what the behavior should be with or without the bug.