Phishing mails


In the O-365 Security & Compliance center, Threat protection status report, I'm seeing lots of hits detected by Malicious URL reputation.  However many (none?) of these emails are being bounced/quarantined/move to Spam, "I know there are the policy settings in Threat Management -> Policy.  This enables control of anti-phishing, anti-spam, anti-malware, Quarantine and DKIM .  But what links the Malicious URL Reputation to one of these?" (It's also interesting that in most situations it does not seem to be detecting a threat, but the conversations that are happening as a result of the threat, ex: all mails including original mails are going in Junk.)

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