Hi petr, I believe I successfully reproduced the mail shield issue on Windows 7 VM, and unfortunately the issue is still there with this latest beta.

No problem with Win10 machine.
Here is what I found:
For Receiving:
- The issue only happens when SSL/TLS encryption for POP3 is used. Plain-text POP3 is not affected
- If I specify encryption protocols as "TLS1.2", it works fine. When set to "Automatic" (default), it fails
- The client throws error code 0x80090304, saying "Failed to initialize SSL"
For Sending:
- The issue only happens when SSL/TLS encryption for SMTP is used. Plain-text SMTP is not affected
- Specifying encryption protocols does not work for SMTP- If I specify encryption protocols as "TLS1.2", it works fine. When set to "Automatic" (default), it fails
- The client throws error code 0x80090308 or 0x80090304 depending on e-mail providers, saying "Failed to initialize SSL"
The client uses SChannel for SSL/TLS encryption.
Support package ID is: 9EGMP
Hope this helps.
Edit: I found a wrong setting in testing environment. Specifying protocols works for SMTP too when correctly set.