MySQL: Connection -bpfogbugz cannot be found

Problem: The scheduled backup doesn't work and I get the following error in event viewer:

Connection -bpfogbugz cannot be found.

Solution: In MySQL Administrator you first must create a connection to log in to the MySQL Server.

Menu: Tools/Manage connections

Create a new one and then reshedule your backup job.

See this post on the mysql.com site for more info.