[ntpeters]

Most of this is to be expected, but the parts that are ridiculous is that your encryption key is backed up to OneDrive and:

"We will access, disclose and preserve personal data, including your content (such as the content of your emails, other private communications or files in private folders), when we have a good faith belief that doing so is necessary to protect our customers or enforce the terms governing the use of the services."

[drdaeman]

It seems that Microsoft had removed this sentence from their Privacy Statement - at least I'm unable to find the quoted text now.