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Microsoft Outlook servers down, reports say
(www.msn.com)
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this post was submitted on 01 Mar 2025
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Sums up my thoughts pretty succintly.
I'll add one more: privacy. The more people rely on a given service, the more juicy it is to attack. On prem limits the attractiveness of your data, so you're hiding in a crowd instead of trying to protect a single golden goose.