Hi Kristy,
The first thing to say is that Domain Authority is a third party metric, so unless you have seen a drop in your traffic then there should be no need for immediate alarm. Although DA correlates with successful rankings, there is still no guarantee that a change in DA will effect your rankings in any way.
The solution for your issue might be quite simple. In last months update the number of links in the index was around 50% smaller than the previous update. This meant that a lot of links that where contributing towards your DA score are no longer in SeoMoz's index, and can therefore not contribute towards your DA score.
In no way does this mean that these links are no longer in Google, as the Google index and the Mozscape index are two entirely separate entities and are in no way connected.
After this month's update, it has been noted that the index is even smaller than last month (albeit by a much smaller margin). If you read the Q&A entries following last month’s update you'll see lots of people asking the same question, and it was confirmed that the drop in DA was due to the smaller index.
I expect we'll see the same over the next week.
Personally, I saw my clients DA drop by an average of 3-4 points.
If your drop in score correlates with this pattern, then you have nothing to worry about at all. Especially if your traffic hasn't been effected.
Here are the details of the smaller update from last month:
http://www.seomoz.org/blog/july-mozscape-update
And here are this month’s details:
http://www.seomoz.org/blog/august-mozscape-update
If your drop in score doesn't coincide with this, then it most likely means that you've lost one/some links that were contributing to your overall Domain Authority score. You can get to the bottom of this by using the historical link date in Majestic to figure out what links where lost, and when.
If this is the case then you can either try and rebuild the lost links, or create some new ones. Or ideally, both!
Best of luck.
David