Most of the work of securing OWA with SSL is obtaining and installing a web certificate. In this article, I will cover the high level steps to do this. For detailed instructions, please follow this article from Microsoft on How to implement SSL in IIS. Once the Certificate is installed on your server, you can continue by enabling SSL on OWA.
First, you need to create a certificate request in IIS Manager. The Certificate is used to identify your server and to encrypt the data passing from between clients and your server. Once a request is created, you send it off to a Certificate Authority (CA) for processing. You can create your own Certificate Authority to use on your domain, but browsers won’t see your CA as a “trusted” authority, so you’ll need to do some extra work. Another option is to use a trusted CA like Verisign or Thawte. These certificates will automatically be recognized by browsers and won’t give your users a security warning.
After the request is sent to the CA, the CA verifies your company information and host name and sends you back a certificate file. Once you have the file, you install it onto your web server using IIS Manager.