3654365 - error 32 broken pipe while setting up Cloud ALM with SAP Cloud Connector

While setting Cloud ALM with SCC for monitoring purposes, you come across to following error while performing a connection test from the SCC mapping, same can be perceived from SCC trace (ljs_trace.log / scc_core.trc) after a connection test is triggered from SCC.

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Message:
Network Issue

Exception:
java.net.SocketException: error 32 - Broken pipe (Write failed) (local port XXXXX to address XX.XX.XX.XX), remote host unknown)
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• SAP Cloud Connector(SCC) release independent;
• SAP Cloud ALM.

java.net.SocketException, error 32, Broken pipe, Write failed, remote host unknown, SAP Cloud connector, cloud connector, connector, SAP CC, SAP SCC, SCC, timeout, time out, timed out, local host, localhost, cloud alm, ALM, cloud monitoring,  , KBA , SV-CLM , SAP Cloud ALM , BC-MID-SCC , SAP Cloud Connector On-Demand/On-Premise Connectivity , Problem