Windows Server 2003 Event ID 8 and source crypt32

Problem Description

There are errors coming up in the Event viewer "Failed auto update retrieval of third-party root list sequence number from: with error: This network connection does not exist." This causes the eventviewer filled up unnecessarily

Solution Description

This can be troubleshooted as follows -
1> Go to "Add/Remove programs" in the server.
2> Click on "Add/remove Windows Components".
3>uncheck the "Update Root Certificates".

This will resolve the crypt32 logging issue in the event viewer