Motherboard manufacturers have been running optimized defaults that are pumping too much voltage into 13th and 14th gen chips, causing them to degrade. Undervolting is really what should be done on 12th-14th gen. You might want to get a contact frame as well.
That's too general and only an partial answer.
The makers pump too much of everything into the CPU, not just volts, reducing volts alone while all the other settings are still over pushing everything else will only cause instability. The mobo will try to reach the new high that the lower volts unlock so it will still reach 100 degrees if all the other things will allow it.
What have people done to resolve this problem?
You can't resolve this problem with cooling since the automated overclock uses the amount of cooling as one of the limiting factors, if you increase the cooling it will just clock even higher, or at least it will try to.
If you really want to fix it then you have to set your own limits in the bios, the most important ones being vcc (CPU voltage) and icc_max (CPU amperes) those two affect the max power draw (watts) and with it the max amount of heat your system can possibly produce.
You can also just adjust PL1 and PL2 which is the max power draw, but if the mobo uses settings that have volts and amps way too high then doing that will limit the performance since it will get hotter at lower watts.
Derbauer recently leaked the review guidelines that come directly from intel, and the 14900ks should be kept at 253W and 307A for performance mode which would be the same for the k model, which would result in a max voltage of 1.21V.
Also:
Intel: Keep it at 253W ,maybe go to 320W if you feel crazy.
Reviewer: Hold my beer! OMG! 400W + !