As per Microsoft: "This event indicates that the search for the named object failed because the Address List was not accessible. This could be due to a permissions problem. Verify that the Address List has the correct permissions to access the object. Check for related events preceding or succeeding this event to determine if they provide any information".
Build a great reporting interface using Splunk, one of the leaders in the Security Information and Event Management (SIEM) field, linking the collected Windows events to www.eventid.net.
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