I found an Nvidia knowledge base article which discusses this issue and the workaround. According to that article the issue is with the Windows 10 fall creators update and apparently Microsoft has fixed this issue in a preview build.
I’m not sure whether that preview build is out or not going by the build numbers, though I’m guessing it hasn’t as new players are continuing to report it for my game. Will probably need to add some mechanism to make players aware of the workaround, that’s the best I can think of until an actual fix arrives. Any other ideas or suggestions are welcome as well!