Hi @Shreya BhurkuseTo achieve the strongest possible protection and minimize data loss risks for your organization especially in a sensitive sector like finance we recommend adopting a comprehensive, multi-layered strategy that combines Microsoft Purview’s DLP capabilities with other critical security controls.
- Implement and Customize Microsoft Purview DLP Policies Use Microsoft’s built-in DLP templates as a baseline, and tailor them to detect and block sensitive data (like financial info and personal identifiers) across Microsoft 365 apps such as Exchange, SharePoint, OneDrive, and Teams.
- Enable Endpoint Data Loss Prevention (Endpoint DLP) Extend DLP monitoring and controls to Windows devices (with growing support for macOS) to prevent sensitive data leaks directly from user devices.
- Use Azure Information Protection (AIP) for Classification and Encryption Classify sensitive documents and emails with sensitivity labels, and apply encryption and rights management to protect data even when shared externally.
- Enforce Strong Access Controls Implement Conditional Access policies and Multi-Factor Authentication (MFA) to ensure only authorized users can access sensitive information.
- Apply Privileged Access Management Limit and monitor elevated permissions to reduce insider risk.
- Conduct Employee Training and Awareness Programs Educate users on data handling best practices to reduce accidental data leaks and phishing risks.
- Monitor Continuously and Audit Use Microsoft Purview’s reporting and alerting capabilities to detect suspicious activities and respond promptly.
- Prepare an Incident Response Plan Have a clear, tested process in place to quickly handle any data breach or leakage incident.
Please kindly refer to the following Microsoft documentation for more details:
Endpoint Data Loss Prevention Overview
Azure Information Protection
Identity and Access Management Best Practices
I hope this helps! Please let us know how it goes.
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