Information Rights Management :Protector could not be created as a generic COM object

Information Rights Management (IRM): Protector {78E40D5F-0C51-45B6-AC87-72119EC6669A} could not be created as a generic COM object (IUnknown). Protector: {78E40D5F-0C51-45B6-AC87-72119EC6669A} This indicates a major problem with the protector. Any COM object can be created as an IUnknown.

These errors are due to password protected filed being uploaded into SharePoint. Currently there is no action needed from an IT perspective.