Forum Discussion
SharePoint and AIP
You may want to get the EMS E5 (or AIP P2) licenses for your Finance people. This will allow them to automatically classify files that contain sensitive information without regard to the storage location.
The fact that a file is stored in a location does not determine it classification, the content of the file is what determines it classification level.
You can also use Cloud App Security to apply labels, based on a location https://docs.microsoft.com/en-us/cloud-app-security/azip-integration
- TonyRedmondNov 11, 2018MVP
BTW, sensitivity labels (now available in Office 365 for both E3 and E5 tenants) are supposed to get the auto-label capabilities available in AIP Plan 2 in the future. This will remove the need for any other licenses.
Also, sensitivity labels are due to be supported by DLP policies, so you'd be able to apply sensitivity labels (with encryption) based on the presence of a sensitive data type, including one that you define for the tenant.