After applying May 2014 Cumulative updates for Office 2013 Click-to-Run, an error occurs when refreshing an existing workbook data connection to a .bism file and/or when creating a new connection using a .bism file. 

 The message received is:  "The following System Error occurred: The handle is invalid"      

Note:  This has been found to occur only with Click-to-Run Office 2013


WORKAROUND:

Connect to the data source directly without using the .bism connection file.

STATUS (updated October 2014):

This issue was resolved in the October 2014 updates for Office 2013 Click-to-Run. To resolve the issue, apply the current Click-to-Run updates available.  
More information on updating: http://support2.microsoft.com/gp/office-2013-click-to-run

After applying the updates, "About Excel" information in Account shows the build has been updated to: 15.0.4659.1000 MSO 15.0.4659.1001

Additionally, your msolap110.dll version is now:  11.0.2814.8  
    Example 32-bit Location:  C:\Program Files\Microsoft Office 15\root\vfs\ProgramFilesX86\Microsoft Analysis Services\AS OLEDB\110\msolap110.dll      >>> Properties >>> Details