By default, Office 365 has no labels created. Therefore, you will need to create your own or hire a firm specializing in document and information security to help you do this.
- Company internal: Documents that may not be shared outside the organization.
- Client confidential: Documents with proprietary information controlled by a nondisclosure agreement (NDA) with a customer. To limit liability, these typically need to be deleted once they are no longer needed.
- Controlled Unclassified Information (CUI): Sometimes also named Sensitive but Unclassified (SBU).
- Employee file: Document must be retained for HR compliance reasons. Typically, they are kept for 7 years, then deleted to limit potential liability. ...