This is a pretty dumb decision. Microsoft should let existing CAS rules work. The entire exchange community is facing one issue; without addressing the issue, they cannot deprecate the rules because they feel like doing it. Here is the situation.
1 - CAS rules provides the ability to block all access to EXO from specific IP addresses
2 - conditional access do not provide this option
3 - conditional access should provide option to allow Teams to work externally but block External outlook access , allow access to EXO outlook only from trusted IP addresses
It has been 2 years and Microsoft does not have any answer or solution; now they just want to deprecate it putting change organizations at risk.
We need to file a legal battle.