Your organization has a Microsoft 365 subscription.

The correct answer is Data access governance . Microsoft documents that Data access governance reports in the SharePoint admin center help administrators discover overshared or sensitive SharePoint content and assess sharing exposure. More specifically, Microsoft’s sharing links activity reports under Data access governance are designed to monitor sharing activity and identify sites where links such as Anyone , People in the organization , and Specific people links have been created. This is the SharePoint admin reporting area Microsoft provides for investigating external sharing patterns and related exposure.

The other listed reports do not fit this requirement. Agent insights is for Copilot/agent usage, App insights is for application-related insights, Change history tracks configuration changes, OneDrive accounts focuses on OneDrive administration, and Site policy comparison compares site settings. None of those is the SharePoint report family intended for identifying externally shared SharePoint content. Based on Microsoft’s documentation, the report area you should use is Data access governance .