VNJoe I don’t work for Microsoft. Like many people in the community I am trying to help in learning together how to utilise Microsoft products and share helpful configuration experiences. If you are having trouble configuring the product or following their documentation, I suggest you raise a ticket with Microsoft support.
The Junk folder is still an option for those who want it:
1. Go to “Anti-Spam” in the 365 Defender portal under Threat Policies where you can change the Anti-Spam inbound policy settings for phish and spam to send to junk instead of quarantine.
2. Go to “Anti-Phishing” where you can set the default AntiPhish policy to move detected spoof to Junk Folder.
3. Depending on your licence you may also have the option in “Anti-Phishing” to change the phishing threshold (The more aggressive the threshold the more emails get treated as High Confidence).
As mentioned previously, Microsoft’s roadmap shows they are working on notification emails for High Confidence (Roadmap ID 93198) so that users can get notifications for the emails that fall under those: https://www.microsoft.com/en-us/microsoft-365/roadmap?filters=&searchterms=93198
All these settings are well documented by Microsoft so if you have trouble following them please speak to your Microsoft advisor or raise a ticket through the 365 portal using the “Need Help” icon in the bottom right.