Information Rights Management (IRM): Protector %1 threw an exception during a call to its HrProtect() function. Protector: ...

Information Rights Management (IRM): Protector %1 threw an exception during a call to its HrProtect() function.
Protector: %2
Current file: %3
GUID of current list: %4

HrProtect() applies IRM protection to a file of the protector's file type.  It is typically called when a user downloads a file from the server.