To set up a retention policy for Microsoft SharePoint files containing the word “Falcon,” follow these steps:

Create a Retention Label:

Retention labels allow you to specify retention periods for content. Go to your SharePoint site or library where you want to apply the policy.

Open the document library settings.

Under “Permissions and Management,” select “Apply label to items in this list or library.”

Choose the retention label that corresponds to the desired retention period (e.g., “Falcon Retention - 2 years”).

Configure the Retention Label:

Specify the retention period (in this case, 2 years).

Define the action to be taken after the retention period (e.g., move to recycle bin).

Apply the Retention Label:

Tag the relevant content (files containing the word “Falcon”) with the retention label.

The policy will automatically retain the files for two years from their creation date and then delete them.