Hyperref v7.01h (MikTeX distribution) prevents compilation

[Edgetho]

When attempting to compile the following input under either pdflatex (MiKTeX-pdfTeX 4.19 (MiKTeX 24.3.31)) or lualatex (LuaHBTeX, Version 1.18.1 (MiKTeX 24.3.31)), I got errors thrown by something to do with the hyperref package.

\documentclass[12pt]{book}

\usepackage{hyperref}

\begin{document}
    \frontmatter
    \tableofcontents
    \mainmatter
    \chapter{Lorem Ipsum}
    Lorem ipsum dolor sit amet    
\end{document}

According to the miktex package manager, I have version 7.01h of hyperref installed.
The error is as shown:

("C:/Users/[Username]/AppData/Local/Programs/MiKTeX/tex/latex/base/atbegshi-
ltx.sty"
Package: atbegshi-ltx 2021/01/10 v1.0c Emulation of the original atbegshi
package with kernel methods
)
\Hy@abspage=\count268
\c@Item=\count269
\c@Hfootnote=\count270
)
! Extra \else.
\Hy@AtEndOfPackageHook ...color}\fi \fi \fi \else 
                                                  \def \HyOpt@DriverType { (...
l.4 

I have also included the log_file file, and a list of the packages installed on my system. Please let me know if there is anything that I should do to remediate this issue.