A new phishing campaign is underway that pretends to be from the "Office 365 Team" warning you that your email account cancellation has been approved and that all your email will be deleted unless you cancel the request within the hour.
This particular phishing campaign is interesting as it uses an uncommon bait of the risk of losing all your email and a time limit to make you act quickly and potentially without thinking.
These phishing emails have a subject line of "Urgent Request" and state that unless you want your email account to be canceled and your email to be deleted, you need to cancel the request.
Office 365 Phishing Email