MS.SHAREPOINT.1.1v1 - External sharing for SharePoint SHALL be limited to "Existing guests" or "Only people in your organization".
Information
Sharing information outside the organization via SharePoint increases the risk of unauthorized access. By limiting external sharing, administrators decrease the risk of access to information.
Solution
1. Sign in to the SharePoint admin center. 2. Select Policies \> Sharing. 3. Adjust external sharing slider for SharePoint to Existing guests or Only people in your organization. 4. Select Save.