Using Outlook for iOS for personal email and calendar management
If you are facing the problem outlined in this post
https://learn.microsoft.com/en-us/answers/questions/5597205/prevent-pfishing-calendar-items
Microsoft is aware of the problem but there is currently no fix. There are no Rules you can create or settings you can change in the Outlook client that will stop these SPAM Calendar Events.
You can vote for and comment on this Feature Request:
https://feedbackportal.microsoft.com/feedback/idea/29cad13e-0948-f011-a2da-7c1e529ed9e2
(You must "Sign In" at the top right before you can vote).
If your organization has a Microsoft Defender for Office 365 subscription, there are steps you can take to mitigate the impact:
If you are in an IT Managed environment there are Mail Flow Rules that your IT Admin can implement that will block all external Calendar invites (and allow for specific exceptions):