Sensitivity labels are central to how your business-critical data is protected using Microsoft Information Protection (MIP). You create a sensitivity label and associate protection policies like encryption and visual marking, then your end users simply label their important documents and emails. You can also be assured that the protection will persist with the file throughout its life cycle.
Today, we are excited to announce general availability of sensitivity labels with protection for Office files in SharePoint and OneDrive. This is one more step to providing you comprehensive protection across documents and emails in Microsoft 365 services.
Now your users can apply sensitivity labels, with protection policies, not just in Office apps on Windows, Mac, iOS and Android but also in Office on the web. Users will see sensitivity as an option on the ribbon of the Office on the web, and as the applied label name on the status bar.
Read More @ Source: Announcing general availability of sensitivity labels with protection in SharePoint and OneDrive – Microsoft Tech Community – 1356224