Recently had a client become the victim of fraud via email. Email was intercepted and money wire info was falsified!! This was accomplished using the Web Mail for Office 365 and some other sneaky tricks.. while investigating found that Microsoft claims 'For Your Safety' it does not have auditing turned on for Office 365 email accounts!!! So please if you use Office 365 enabling Auditing so that you can tell who is doing what. This is done from the Admin interface in Office 365, then Admin Centers, Then Security and Compliance, then Search and Investigation and there you will find a link to turn audit logs on (about where highlight is below) if you are logged in as an Administrator to Office 365, you can click the image below to take you there.
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