Azure AD Identity protection is available with Azure AD P2 and provides risk detection and policy enforcement for sign ins and users. It can also be incorporated with Conditional Access policies to provide even more flexibility. This video shows you the basics of Azure AD Identity Protection as well as showing you an example of a login process that generates creates risk.
You can find the video here – https://www.youtube.com/watch?v=8AQQrSCrLMI
and more information here – What is Identity Protection?