Recently came across this article from Microsoft. Please see the below link for further details.
https://docs.microsoft.com/en-us/power-platform/important-changes-coming#deprecation-of-office365-authentication-type-and-organizationserviceproxy-class-for-connecting-to-common-data-service
Effective Feb 4, 2020, the WS-Trust authentication type that is used by custom clients to connect to Common Data Service is deprecated. This change affects applications that utilize Microsoft.Xrm.Sdk.Client.OrganizationServiceProxy and Microsoft.Xrm.Tooling.Connector.CrmServiceClient classes for the authentication type of "Office365".
Important dates are the below
To allow for transition of customers and partner applications:
https://docs.microsoft.com/en-us/power-platform/important-changes-coming#deprecation-of-office365-authentication-type-and-organizationserviceproxy-class-for-connecting-to-common-data-service
Effective Feb 4, 2020, the WS-Trust authentication type that is used by custom clients to connect to Common Data Service is deprecated. This change affects applications that utilize Microsoft.Xrm.Sdk.Client.OrganizationServiceProxy and Microsoft.Xrm.Tooling.Connector.CrmServiceClient classes for the authentication type of "Office365".
Important dates are the below
To allow for transition of customers and partner applications:
- Effective April 2021, we intend to retire this authentication protocol for
all new environments.
- Effective April 2022, the authentication protocol will be retired for all new and existing environments.