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Based on my search results, Mimecast is an email management company that offers cloud-based email security services. It is possible that Mimecast is acting as a man-in-the-middle and causing inbound emails to fail DMARC, DKIM, and SPF tests.
However, I would recommend that you contact Mimecast’s support team to confirm this. They can provide you with more information on how their email security services work and how they interact with other email security services like Defender. You can also ask them about the false positives for phishing that you have been experiencing. They may be able to provide you with some tips on how to reduce the number of false positives.
If you need further assistance, please let me know.
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