Error: An error occured while trying to update linked media files - when running update linked media plug-in

When running the update linked media plug-in, the following error occurs: "Error: An error occured while trying to update linked media files:"
We are currently evaluating this issue and this article will be updated when we have more information. 

Steps to Duplicate

1.  Log into Financial Edge.
2.  Go to Plug-ins.
3.  Go to Update Linked Media.
4.  Enter the previous server name.
5.  Select a location for Start Search In.
6.  Click Update.  Error will occur after a few minutes.

Environment

 Financial Edge
 7.87

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