Information barriers (IBs) are policies that an admin can configure to prevent individuals or groups from communicating with each other.
The required licenses and permissions are as below:
1.licenses
Microsoft 365 E5/A5 Office 365 E5/A5 Office 365 Advanced Compliance Microsoft 365 Compliance E5/A5 Microsoft 365 Insider Risk Management
2.permissions
Microsoft 365 global administrator Office 365 global administrator Compliance administrator IB Compliance Management
About how to define and apply information barrier policies, please refer to this article.
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