Information Rights Management in Office 365 (IRM SharePoint Online)

Office 365 recently comes with a IRM feature that you can control the rights of a document library and a List.

Current IRM supports only Restrict permissions on this library on download but this option contains other few options that I will explain later.

SharePoint online currently supports below documents types. This may change in new releases.

PDF
Word, Excel, and PowerPoint (97-2003 versions)
The XML Paper Specification (XPS) format

Ref: https://support.office.com/en-us/article/Set-up-Information-Rights-Management-239ce6eb-4e81-42db-bf86-a01362fed65c

How to Configure Information Rights Management in Office 365

Step One (Activate Information Rights Management in o365 )

First you need to activate the Rights Management from service settings.

Go to Office 365 admin page (https://portal.office.com/admin/default.aspx)
Then Service Settings and Select Rights Management

Then click on Manage and click activate for enable.
Then you will see the activation on the page.

Step Two (Activate Information Rights Management in SharePoint )

Now you activate the SharePoint Rights Management
Go to SharePoint Admin page

Go to Settings section and Use the IRM service selection option.

Step Three (Configure Rights Management in Document Library)

Go to your SharePoint Site and Library/List and go to Settings

Click on the Information Right Management

Check the Restrict permissions on this library on download and Enter Name and Description for the IRM Policy. here you can click SHOW OPTIONS for other configurations.

Options include

Do not allow users to upload documents that do not support IRM
Stop restricting access to the library at specific date
Prevent opening documents in the browser for this Document Library
Allow viewers to print
Allow viewers to run script and screen reader to function on downloaded documents
Allow viewers to write on a copy of the downloaded document
After download, document access rights will expire after these number of days (1-365)
Users must verify their credentials using this interval (days)
Allow group protection

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