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You need to add the NULL MX and SPF records alongside every A and AAAA record. DMARC applies to subdomains unless they provide their own policy. Just make sure not to have a permissive policy for subdomains via the sp parameter. SPF hardly does anything. It's DMARC that matters.
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DMARC requires valid, aligned SPF / DKIM. The policy specifies what to do when it fails to pass. A p=reject policy will prevent spoofed emails from the domain to providers enforcing DMARC. SPF itself doesn't stop spoofing since it does not need to be aligned with the FROM header.
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Also, hardly anyone enforces SPF even with a hard fail policy, but it's not particularly relevant since it doesn't have to be aligned. SPF will pass with a spoofed FROM header as long as MAIL FROM (relay) passes. DMARC is what makes SPF and DKIM actually function properly.
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In order of importance: set up DMARC and then set up DNSSEC. Fill in the NULL MX records and SPF records for every A and AAAA record if you want to go the extra mile. It's much less important than the baseline. DMARC will still reject spoofed mail without having an SPF record.
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I think you're misunderstanding the purpose of null MX. It declares that the domain doesn't receive email. It doesn't forbid sending mail. It can still be used to send email that passes DMARC verification via either a valid and aligned DKIM signature or valid and aligned SPF.
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I’m aware of the difference. If I have control of my DNS, and the firewalls / daemons in the A / AAAA records that don’t have a null MX, and MXs for the parent names are properly configured to not handle mail for child domains, then what is the effective difference?
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Email for child names is still not going to come in. So I don’t see a need for a null MX other than to indicate to others to not send email to the domain. I’m not aware of a sufficient number of receiving servers rejecting email if they can’t send to the purported source.
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Again, you're misunderstanding the purpose of null MX. It announces that a host does not receive email. It is not about sending email. The purpose of null MX is so that a mail server can immediately see that it cannot send email to that host. It doesn't need to keep retrying.
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The purpose of null MX is to immediately inform the sender that they CANNOT send mail to the host. They should not keep trying to do it repeatedly as they would normally be expected to do. It's not an anti-spoofing mechanism. It's not about sending mails. It allows fast fail.
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It allows the software sending the mail to quickly report that they cannot send mail to that domain. Otherwise, they would keep retrying for days and eventually produce an error message. If you want it fully set up, you need one for every A/AAAA record. That's the point.
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The effect is that is someone accidentally sends an important mail to someone@subdomain.example.com but you don't receive mail there, they immediately get an error, and can realize their mistake and send it to the correct address. Saves some resources for the sender too.
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